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re: The Millionaire Next Door sequel has a couple of surprises

Posted on 7/24/18 at 1:33 pm to
Posted by anc
Member since Nov 2012
18137 posts
Posted on 7/24/18 at 1:33 pm to
quote:

Lol they married up. Or they saved for a long time.



The breakdown is in the book supposedly, but in Mississippi, 25% of teachers incomes are invested for retirement. 10% by the teacher , 15% by the state (rounding)

An average income of $50,000 over 30 years at a measly 6% puts you over a million.

Posted by Porter Osborne Jr
Member since Sep 2012
40081 posts
Posted on 7/24/18 at 1:43 pm to
quote:

The breakdown is in the book supposedly, but in Mississippi, 25% of teachers incomes are invested for retirement. 10% by the teacher , 15% by the state (rounding)

An average income of $50,000 over 30 years at a measly 6% puts you over a million.


Nice. I assume they don't get that as a lump sum though. They use it as a pension?
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