Gents, this is about all it takes to become a millionaire in <20 years

Infinitewisdom1984 · 2019-04-25T03:18:04+00:00

[deleted]

Dontmindmebrother · 2019-04-25T03:43:54+00:00

Adopting the philosophy of minimalism will definitely help out as well.

DangZagnut · 2019-04-25T03:27:42+00:00

Save until it hurts. Most of what you piss money away on is bullshit.

Infinitewisdom1984 · 2019-04-25T03:19:40+00:00

Working an entry level cyber security job with an ASSOCIATE's degree (2 years from community college will be cheap) can earn you an average of $67k per year. After taxes, assuming 0 deductions, you're a little over $50k per year. Assuming your bills don't surpass $2500 per month, you could technically invest this amount ($1500+) per month with relative ease. This is also assuming you never get a raise or a promotion lol. You could hit this $1,000,000 figure much sooner than 20 years if you get raises and promotions and can thus invest more.

Musket_22 · 2019-04-25T04:01:55+00:00

10% isn’t realistic.

BiffBiffBiff27 · 2019-04-25T07:52:40+00:00

Doesn't this assume no major stock market fuck ups? We're overdue for a big correction already, bigger than '08.

Infinitewisdom1984 · 2019-04-25T03:54:55+00:00

You haven't accounted for taxes. What portfolio provides a steady 10% APY ever year of your period? After tax growth?

DinDoNuffin182 · 2019-04-25T04:02:04+00:00

A sales pitch with no mention of risk

tero-seren · 2019-04-25T04:32:59+00:00

10% is quite optimistic. I have been using use 8% when calculating my early retirement plan.

UndeadTed · 2019-04-25T05:05:27+00:00

10% kek

Title	Gents, this is about all it takes to become a millionaire in <20 years
Author	Infinitewisdom1984
Upvotes	11
Comments	24
Date	April 25, 2019 3:16 AM UTC (7 years ago)
Subreddit	Posted in /r/MGTOW
Original Link	https://old.reddit.com/r/MGTOW/comments/bh3tqv/gents_this_is_about_all_it_takes_to_become_a/
Archive Link	https://theredarchive.com/r/MGTOW/gents-this-is-about-all-it-takes-to-become-a.477008 https://theredarchive.com/post/477008

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