- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: The Percentage of Americans With Less Than $1,000 in Savings Is Shocking
Posted on 12/20/19 at 9:21 am to GreatLakesTiger24
Posted on 12/20/19 at 9:21 am to GreatLakesTiger24
quote:
cool. Thanks for sharing
No problem. Being able to retire earlier > having a shiny new boat.
Let’s assume this guys loan was for 60k @ 4.5% for 10 years. That’s a monthly note of just over $600
If instead he had invested that at a 7% return he would have 100k after 10 years. So that boat really didn’t cost him 60k it cost him 100k plus all the future returns on that as well. So 30 years in the future he could have half a million in his investment account...or he could have 30 year old pictures of him in a boat that by now is in a scrap yard somewhere.
This post was edited on 12/20/19 at 9:24 am
2
Posted on 12/20/19 at 9:25 am to gamatt53
quote:
or he could have 30 year old pictures of him in a boat that by now is in a scrap yard somewhere.
And he would have actually lived a fun and interesting life.
Posted on 12/20/19 at 9:29 am to gamatt53
quote:what incredible stuff are you going to do in your early retirement that so clearly outweigh having a boat when you’re young and active
So 30 years in the future he could have half a million in his investment account...or he could have 30 year old pictures of him in a boat that by now is in a scrap yard somewhere
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News