Quote:
Originally Posted by woj
If you save 10% of what you make each month, it would take 10 years to save 10x of your income, which isn't terrible. That's assuming you don't do anything with that money. If you invest that money in some decent way, I'm sure you could cut down those 10 years into more like 7-8. And if you invest more like 15% each month, you can probably cut it down to under 5 years.
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If you sabe 10% each month you'll need about hundred years.
Because each year you'll only save 10% of you annual salary, after ten years you saved 1 salary and after a hundred years you saved your ten annual salaries
Of course with the returns you get on the money during that time it will take you need much less time.