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re: Are you in the 1% club?
Posted on 1/26/15 at 8:14 am to CajunAlum Tiger Fan
Posted on 1/26/15 at 8:14 am to CajunAlum Tiger Fan
quote:
If you think $800k is low net worth, you spend too much time on the OT or with your financial peers and don't realize how hard this is for most people in this country. Think about average non baller incomes.
That's really not hard at all. $200 a month for 40 years would put you close to a million. Problem is people think they have all the time in the world so they don't start saving when they get a job. Blow their money and say, "I'm young, I have time for that." But then wonder why they don't have enough money at retirement.
1
Posted on 1/26/15 at 12:57 pm to LSUtiger89
I would definitely agree with this. Although I feel that a lot of millennials are more prepared and have began investing earlier than other generations.
Companies matching contributions also helps people to contribute because they realize they are throwing away money if they don't contribute to cover the match.
Companies matching contributions also helps people to contribute because they realize they are throwing away money if they don't contribute to cover the match.
This post was edited on 1/26/15 at 12:58 pm
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