614
As a bike rider, I forget this is a thing. Asked my neighbor, he pays $350/month in insurance alone 🙃
(slrpnk.net)
this post was submitted on 29 Oct 2024
614 points (93.6% liked)
Fuck Cars
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Assuming you begin investing at the age of 20 and invest $554 per month for 45 years at a 6% growth rate, you would yield 1.4 million. Definitely not MILLIONS.
6% is very conservative though. Even at 7%, which is a widely accepted inflation adjusted number, it's over 2 mil.
The other thing is that the monthly investment amount should increase when income does, which at minimum should match inflation.