Re:Life in a Studio Apartment with My Wife and Two Sons
by scott_karana on Monday November 09, 2015 @02:14PM
(#10535110)
The author is pretty clear.
> And don’t forget about the importance of compound interest. I will remind you that $2k per month saved on rent for one year is $24k. Invested for 50 years averaging 6% interest comes to roughly $450k. Freedom. HTFU.
$450K towards retirement for one year of living in cramped, expensive SF sounds like it could be a reasonable payoff for many people.
> And don’t forget about the importance of compound interest. I will remind you that $2k per month saved on rent for one year is $24k. Invested for 50 years averaging 6% interest comes to roughly $450k. Freedom. HTFU.
$450K towards retirement for one year of living in cramped, expensive SF sounds like it could be a reasonable payoff for many people.