Comment by genewitch
4 days ago
where are you getting $1k/month? GP said "invest" $100 per month given a $48,000 income and rent of ~$36k/yr.
Yeah obviously if i can sock away $12,000 a year for 10 years i'll have money. Just be aware that i was in a bunch of funds from 2010-2020 and were it not for what happened at the end of that decade i wouldn't have made any additional money at all. In fact, i would have lost a decent chunk of money - not just in fees, but inflation.
Also, where are you guaranteed 6% for a decade? t-bills or something?
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