▲ 0 r/TheMoneyGuy
If you saved $5000 a year by by not traveling l, 24/7 how would would you have if imvested?
You would have $250,000 after 50 years, assuming a simple savings calculation with no interest.
Simple Savings: 5,000 \times 50 = \$250,000
If you were to invest that $5,000 annually with an average 7% annual return compounded yearly, the total would grow to approximately $2,032,644 due to compound interest. Does any love doing staycations instead at home?
u/natelegakisTeslaFSD — 3 days ago