Few things trigger me like the Dave Ramsey show when they are like “if you took that money and invested it for 37 years you will have16.5 million dollars when you retire”
They are like, just do ...
That dude is way behind on the times. Can’t blame him though, he is in his 60s.
“Just invest 25% of your income and after 30 years you’ll be a millionaire!”
First, good luck having that high of a savings rate in this environment. Especially if you have a family. Second, $1 million will be more like $500k (best case scenario) in 30 years….
Do these people not do the math or anything? Their advice is not tenable.
“Just invest 25% of your income and after 30 years you’ll be a millionaire!”
First, good luck having that high of a savings rate in this environment. Especially if you have a family. Second, $1 million will be more like $500k (best case scenario) in 30 years….
Do these people not do the math or anything? Their advice is not tenable.
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