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Originally Posted by Napolean
in 20 years the value fo 20 million dollars will probably be dramatically decreased and wouldnt be worth it...
cost of living goes up every year, some places higher than $5k for rent and utilities only.. $60k a year.
so $1 million today only buys you 16 years of basic living expenses, how much did $1 million dollars buy you 20 years ago?  |
imagine the interest of the bank account after 20 years. with 1 mil added to an account after every year, that would be way over 20 mil. Still wouldn't do it though. Maybe 5 years. But in min security.