Sort by time | Sort by thread (beta)
Link to this comment:
Share to:
Loading...
- Your queue is empty. Add videos to your queue using this button:
or sign in to load a different list.
Loading...Saving...
This has been flagged as spam show
10% continuously my ass. 1% Only from the FED, and some countries even less. And you forgot to factor in inflation and losses during finanial crisis. So the realistical amount is really is 20 x 52 x 47 = around 50000. Adjusted to financial crisis and inflation = less than your cheap blue shirt and pizza. Stupid Girl.
dinobott 3 weeks ago
Comment removed
dinobott 3 weeks ago
Social Security was never meant to TOTALLY fund anyone's retirement. It was meant to help to provide the minimum needs. Way back when, people bought a small house and paid it off. They saved regularly for their old age. If they had no money, maybe a relative took them in. We had a great-uncle living with us for a few years back in the early 50's because all he got was a measly railroad pension. Times have changed. People live longer and expect more. Health care and old age care cost a lot.
chronicreader 1 month ago
Yeah...life is full of surprises...you save now 20 dols so you can buy some high flying stocks or conservative funds and hope you retire 1Million in 50 years...well....inflation and another financial crises wiilll wipe your savings out...between now and when you retire.
stargen5 1 year ago
where do you get 10% for 20 dollars? Sounds good on paper, but good luck finding a fund that will give you 10% .
stargen5 1 year ago
@stargen5 If you invest properly and talk to you bank you can get even better than that. I have some mutual funds that have paid out as much as 30%, but on average 16% interest. Just gotta find the right agent!
brookesmiley 9 months ago
You are living in a fantasy world, young lady. Right now 3-6-10 my cd is earning .0050 percent. My stocks are losing 2% a year, and its not going to get better. Consider this: Iam 43 and Im going to starve to death when I retire. This is just a sample of what people your age are going up against because you young people voted for Obama.
gigjohn 1 year ago
Where the fuck do you earn 10% compounded continuously???? oh, right, one of those Maddoff funds
sillymarils 2 years ago
Austin, right on. Good interviews. Good explanation. $20 per week is not out of balance and is reasonable. One other thing you'll have is peace of mind! Thank you for restoring my confidence in 18 year olds.
cool22dad 3 years ago
By the time many people retire, $1 million won't be shit.
aegisforex 3 years ago
@aegisforex exactly enjoy life now
Sendarian1 1 year ago
yes, but you can do both.
bloodrageX5 4 years ago
very good point on saving/investing for the future, but don't sacifice todays' fun and enjoying life for something you may not be able to (or live to see) enjoy later. Balance is the key. I choose to invest early and now I had wished I took more vacations then when I was able to enjoy (and was cheaper) them.
cs025 5 years ago
Vacations where not more affordable before it is just "Inflation" acts as an illusion to some. This video describes an investment idea called "The Rule of 72" (9th Wonder of the World). The key to this strategy is "Time." The more you have the more leverage you can apply. With delayed gratification and money speed above inflation this idea is amazing.
---M7Financial
M7Financial 4 years ago