On 8/1/2022 5:52 AM, a a wrote:
>
https://www.marketwatch.com/video/fire-starters/how-this-38-year-old-made-it-from-deep-poverty-to-millionaire/BBDDEEA1-FFBE-445A-8942-5B4FA4F66A07.html?mod=MW_article_top_stories
It is not that hard to become a millionaire, assuming you are
financially disciplined for 30+ years.
My wife and I had an inflation adjusted income of $71k a year. As an
example of this, we earned
$18k in 1981, inflation adjusted that is $55k. I did these calculations
in 2018, when I retired.
I inflation adjusted income for all the years, added them up and
divided by the number of years, to get $71k.
We were good savers, we saved more than 10% to a max of 41% on an
especially good year (1986, I earned $60k)
I invested in no-load mutual Funds, Mostly Vanguards VTSAX or VTI. We
had the proverbial million in 2011,
and then the stock market took off and put us in the Top 5% of US
households.
This allowed me to payout $300k to get a child through dental school
with zero student debt and finance
a fixer upper house for a year until it was fixed and allowed a standard
mortgage.
I kills me to read about young people saying you can't get ahead in
the US, the man is holding you down, the
rich are controlling everything, the stock market is rigged. It is not a
group thing, every individual controls their future.
All you need is your health and the this country is your oyster.
The number one example of this is the Reddit subthread called r/antiwork.
>
https://www.reddit.com/r/antiwork/
Mikek
OK, bitrex, tell me how bad it is and how nobody can get ahead.
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