Quote:
Originally Posted by BigRedChief
hows a cop, nurse, insurance agent, car salesmen etc supposed to save $1.5 million?
Your making $50k for 45 years that’s $2.2 million. Your supposed to take care of kids, pay a mortgage etc on $700K over 45 years? 15.5K a year? Good luck with that.
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That’s a pretty simplistic, linear way of looking at saving money. Compound interest is a wonderful thing.