cm0002@lemdro.id to The Shitpost Office@lemmy.dbzer0.comEnglish · 11 days agoMFW the cost of living doubles every 10 yearslemmy.mlimagemessage-square5fedilinkarrow-up179
arrow-up179imageMFW the cost of living doubles every 10 yearslemmy.mlcm0002@lemdro.id to The Shitpost Office@lemmy.dbzer0.comEnglish · 11 days agomessage-square5fedilink
minus-squareAugust27th@lemmy.calinkfedilinkarrow-up3·11 days agoIf I recall correctly, compound interest of 7% a year, for 10 years, will result in having doubled your money
minus-squareThirdConsul@lemmy.ziplinkfedilinkarrow-up2·10 days agoThat’s the problem actually. Wages don’t grow that fast. If you haven’t started with sizable amount of money to just invest and let it grow, you’re fucked.
If I recall correctly, compound interest of 7% a year, for 10 years, will result in having doubled your money
That’s the problem actually. Wages don’t grow that fast. If you haven’t started with sizable amount of money to just invest and let it grow, you’re fucked.