Re:Instagram’s Co-Founders Said to Step Down from Company
by sobani on Wednesday September 26, 2018 @09:13AM
(#18075547)
> > 7% average returns
> So requiring those 10 years are during a bull market.
If your bull market includes the 2008 crash, then yes.
"The last decade provided an average return of 6.88% in the stock market. The lower return takes into account the tremendous loss the market took in 2008." https://www.creditdonkey.com/average-stock-market-return.htm... (question 2)
> being frugal ... 30k in annual expenses
Requires budgeting and is a bit of a standard of living lower than most people would prefer. Especially if they got kids.
Plus how you going to live in SV on $30,000 a year when rent alone is that much?
> 7% average returns
So requiring those 10 years are during a bull market.
There's a big difference between "work at a startup for a good salary living an average life for 10 years" and "live in a shoebox with 10 other guys, eat nothing but lentils and beans, and own no possessions for 10 years"