• Roekoee@kbin.social
    link
    fedilink
    arrow-up
    9
    arrow-down
    4
    ·
    9 months ago

    I mean, that would be considering there is no interest at all. Yes if you would put it under a mattress, sure. If you would put it in s&p for instance, even on the low end you’d be getting about 6%. At that interest compounded monthly, you’d be able to be a millionaire at about $1000 a month, or $12000 a year. Still a buttload, but not unfeasible for dual earners without children, depending on where you’re located and in what industry of course.