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Originally Posted by ForteCash
100k yearly properly saved and invested could make you worth 50 million or more within 40 years.. are you on crack 100k isnt a lot? maybe if you live rediculously high on the hog, but most people could live extremely well anywhere in the world on such money, even in new york.
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I think you have been in Kansas too long.
100K a year minus taxes is a take home of about $68000
that's 5666 per month. Now, living in san francisco rent for a 2 bedroom is anywhere from 1700 to 3000 per month. Car, insurance, parking food .. how much can you put away and invest?
Let's say a $800 a month in an investment portfolio.. I am not going to pull out the investment calculator, but I will tell you that in 40 years you would be lucky to have a million dollars and not even factoring inflation over 40 years.
I completely disagree with your $50 million dollar theory. If you can prove me worng then I have a job for you as a CFP.
