scoopsteve
Dryer sheet wannabe
- Joined
- Feb 3, 2006
- Messages
- 12
I have heard so many of you talking about the effect of inflation over time, and its impact on the purchasing power of the dollar however, here is my question, if you are debt free, (and stay that way) what is inflation going to attack?
Walk through this senerio with me, if the following items are PAID FOR, one can live quite well off of 40K a year (taking the rule of 4% into account) and with 1mill in your retirement fund you will NEVER touch the principal:
Paid For Items:
Home
Cars
Credit Cards
Fixed Payments to Make:
Utilities: $300 Month
Auto Insuranc$150 Month
Health Insurance $ 500 Month (currently)
Food $800 Month
Total: $1,750
Total Draw Monthly: $3,333
Left Over for Month: $1,583
Is there something I am missing?
Walk through this senerio with me, if the following items are PAID FOR, one can live quite well off of 40K a year (taking the rule of 4% into account) and with 1mill in your retirement fund you will NEVER touch the principal:
Paid For Items:
Home
Cars
Credit Cards
Fixed Payments to Make:
Utilities: $300 Month
Auto Insuranc$150 Month
Health Insurance $ 500 Month (currently)
Food $800 Month
Total: $1,750
Total Draw Monthly: $3,333
Left Over for Month: $1,583
Is there something I am missing?