Comment on Houses in my area increases 82% in just 4 years

Jackthelad@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

• scrubbles@poptalk.scrubbles.tech ⁨2⁩ ⁨weeks⁩ ago

  Can confirmed. I stopped drinking Starbucks and now I own a 50 acre plot with a 6 bedroom house on it. If only I would have listened to their Facebook comments sooner, I could have afforded that private jet too.

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  • possiblylinux127@lemmy.zip ⁨2⁩ ⁨weeks⁩ ago

    With the Star bucks prices you might as well by a house. Damn they are expensive. People spend like $10 on coffee

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    • scrubbles@poptalk.scrubbles.tech ⁨2⁩ ⁨weeks⁩ ago

      I honestly just started going to my own local coffee joint. What used to be expensive for something like a cappuccino (like 7 bucks) is now cheaper than starbucks. Plus I help a small business.

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• SARGE@startrek.website ⁨2⁩ ⁨weeks⁩ ago

  Assuming you spend $10 on avocado toast every day, as well as $75 on eating out for every meal, $20 for Starbucks, and ALSO assuming you have $150 worth of monthly subscriptions:

  It will take you 25 years to save one million dollars. That’s assuming you never get sick, never lose a job, never need to buy a car or have major repairs, or basically any kind of surprise expense or setback that could wipe out savings.

  To be the richest person on earth, you would need to save that money every year for over 6 MILLION YEARS

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  • boonhet@lemm.ee ⁨2⁩ ⁨weeks⁩ ago

    Not to devalue your point, but if you truly were spending (10 + 3*75 + 20)*30 + 150 per month (so a total of 7800 USD) and you invest it in an index fund getting back 5%, you’ll have your million in 10 years. 8 years at 10% which is the long-term growth rate of DJIA and S&P 500.

    You’ll still never be the richest person in the world, but if you truly were burning away that much money, you could make decent dough just from investing it passively. In 30 years you’d have like 15 million, more than enough to retire.

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