Delawaredave5
Full time employment: Posting here.
- Joined
- Dec 22, 2004
- Messages
- 699
I used to have a lot of respect for Dave Ramsey - listen to his podcasts.
Podcast this week he says, "put your savings in growth mutual fund - it will grow 12% - inflation is 4% - you can withdraw 8% each year and have generational wealth".
Not exact quote but close.
Maybe for the "negative net worth" audience that probably listens above is OK as a first goal.
Podcast this week he says, "put your savings in growth mutual fund - it will grow 12% - inflation is 4% - you can withdraw 8% each year and have generational wealth".
Not exact quote but close.
Maybe for the "negative net worth" audience that probably listens above is OK as a first goal.