chinaco
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Feb 14, 2007
- Messages
- 5,072
I heard an interesting comment. Of course, it depends on the assumptions one makes on the calculations.
The comment was: Stop drinking that daily Latte' you pickup while going to work and retire a millionaire.
If the extra large latte is $5 x 250 work days invested in a mutual fund that earns an average of about 8% for age 20 to 65 and you are almost there.
I have heard other similar descriptions to make the point that savings can add up. Even a person of modest means can acquire a sizable nest egg if they work, watch their pennies, and stay out of debt.
The comment was: Stop drinking that daily Latte' you pickup while going to work and retire a millionaire.
If the extra large latte is $5 x 250 work days invested in a mutual fund that earns an average of about 8% for age 20 to 65 and you are almost there.
I have heard other similar descriptions to make the point that savings can add up. Even a person of modest means can acquire a sizable nest egg if they work, watch their pennies, and stay out of debt.