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RE: Bearing Embarrassment

in LeoFinance11 months ago

You seem to have skimmed the post.

in a hypothetical scenario where he earns 5000€ from his normal job, has a mortgage, a car payment, utilities and food etc, he saves 500 a month (10%).

He has a job. A good job. He is able to save as well, from the job alone, like most people with a decent job. Unexpected events often happen - regardless of whether you have a good job, additional income, or no job. Personally, in that situation, I would rather have a good job and additional income sources - but you do you.

Sort:  
  1. 12x15x500 = 90000€

  2. An extra odd side job stacking shelves at the local supermarket or whatever = Only God knows how much more one can add to the pot.

  3. The eventual %APR revenues & profits from these savings, investments and whatnot = An even harder & wilder unknown.

And all this assuming one can conserve the same well paid jobs during the 15 years and if one is some sort of almighty & omniscient wise investor to make the best and infallible decisions about where to put our money without any potential setback & losses and without have had to spend a single penny of that in anything at all.

So again. How one can expect to accumulate at the end of 15 years the necessary do$h to posses:

  • an owned house
  • two owned investment apartments
  • 3,800,000 in an investment portfolio
  • retirement fund contributions