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A comment on Ask HN: What is a way of making residual income with $5K a month?. Parent comment

Re:Ask HN: What is a way of making residual income with $5K ... by lumberjack on Wednesday December 16, 2015 @06:09AM (#10743517)
8% is very generous, I thought 7% was the commonly used figure which gets you 800k in 40 years. When you acount for inflation that is not anything you should consider retiring on.
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Re:Ask HN: What is a way of making residual income with $5K ... by canicode on Wednesday December 16, 2015 @06:49AM (#10743647)
I can't believe people on a forum such as this are completely financially illiterate. The 7% rate is already inflation adjusted. The nominal rate is about 10%. So plug in a 7% real return. The result will be in 2015 dollars.
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Re:Ask HN: What is a way of making residual income with $5K ... by dangrossman on Wednesday December 16, 2015 @09:03AM (#10744274)
Your comment would've conveyed the same information had you omitted the first sentence.
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