/biz/ - Business & Finance

>>50784061
>millionaire
>in 40 years
No one tell him

>>50784061
potentially, but we're entering stormy seas anon

>>50784061
Inflation
>million dollars in 40 years.

:v)

>>50784061

>portion
>in 30/40 years

More like 50-60% of your paycheck. Good luck doing that for 40 years

>>50784061
more like 20 years

>>50784290
How poor is OP though we need to know how much his paycheck is.

>>50784322

500 biweekly

>>50784061
because
1) normies are consuuuumers
2) 1 mil in 30 years wont be what it is today, you might need 5mil by then.

>>50784377
You will never retire

>>50784061
>line will go up forever even during the Great Reset
imagine being this retarded, tell that to people who invested during the 90s into the Nikkei

>>50784180
>>50784061
series I bonds, dont say i didnt warn you

>>50784061
Because normies are unironically fucking retarded. They cant possibly think about anything past the next paycheck. Just endless consooooooming to fill the miserable void in their life

>>50784061
3-4 million might be enough for a coffee

retire off one year of 2022 labor

Compounded with dividends and your maxed out 401k, you'd be more than a millionaire if you stuck to it for 20 years.

>>50784061
Because in 30-40 years a million dollars will be enough to buy yourself a 10 year old toyota

>>50784061
Vanguard is a cult that operates with a poverty mindset that they manage to twist into making their clients think that mediocrity is a virtue hth

Vanguard is indeed a cult. Buy ETF’s from whatever provider. VWO, IEMG, SCHD etc

>>50787625

>he doesnt understand fee erosion

ngmi

>>50784061
>why arent more people doing this


The Stanford marshmallow experiment was a study on delayed gratification in 1972 led by psychologist Walter Mischel, a professor at Stanford University.[1] In this study, a child was offered a choice between one small but immediate reward, or two small rewards if they waited for a period of time. During this time, the researcher left the room for about 15 minutes and then returned. The reward was either a marshmallow or pretzel stick, depending on the child's preference. In follow-up studies, the researchers found that children who were able to wait longer for the preferred rewards tended to have better life outcomes, as measured by SAT scores,[2] educational attainment,[3] body mass index (BMI),[4] and other life measures.[5] A replication attempt with a sample from a more diverse population, over 10 times larger than the original study, showed only half the effect of the original study. The replication suggested that economic background, rather than willpower, explained the other half.[6][7] The predictive power of the marshmallow test was challenged in a 2020 study.[8][9]

Future won't have the same growth as the past, which was largely fueled by insane technological growth, suppression of wages via women and mass immigration.

What we have in the future is a shrinking labor pool, destroyed environment, and a race to the bottom.

>>50787625
Are you saying ishares and Schwab are more expensive than Vanguard? I hope not

>>50788007
Meant for >>50787637

>>50784061
Pretty much. Anyone who tells you otherwise are the same people that are habitual fuck ups, always looking for the short cut.

By all means speculate with 10% of your net worth, but your base should always be in solid index funds.

>>50784061
Just found out about this. Research Index universal insurance, or Universal Insurance. Just do the research through youtube.