
Neet194012940
NEET
- Jan 20, 2024
- 1,179
Assuming:
- you live in the USA, in an area where the minimum wage is 15/hr or higher
-all your expenses are paid
-you put everything in investments
12 hrs/week is all you need to work to save 10 thousand dollars/year. Put it in safe long term investments at an assumed growth rate of 8%/annually, and you will have a million dollars in 30 years. Even with inflation that will still probably be enough to buy everyone's drinks when you celebrate becoming a millionaire.
- you live in the USA, in an area where the minimum wage is 15/hr or higher
-all your expenses are paid
-you put everything in investments
12 hrs/week is all you need to work to save 10 thousand dollars/year. Put it in safe long term investments at an assumed growth rate of 8%/annually, and you will have a million dollars in 30 years. Even with inflation that will still probably be enough to buy everyone's drinks when you celebrate becoming a millionaire.