Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Is saving/investing actually a crappy way to get rich?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous][quote=Anonymous]Change that to 30 years? What then? Then 37 years? It's a good way.[/quote] At 30 years, it's just over $4M in today's dollars. Plus, since I'd be 62, I could probably withdraw 4% so $160K of income. Definitely better, but then that's just usual retirement age. If I'm going to do that, I'm not going to be as frugal since it's basically my entire productive, working life. Just sad that saving $100K per year FOR ONE PERSON doesn't really get you out of the rat race any earlier; you just have a more secure retirement.[/quote] Wealth is built over generations. If you had a kid and were able to give them $1 million in a trust, they would end up even wealthier. If you left $500,000 in a trust for a young grandchild, the returns would be astounding. The first generation sets the stage. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
