Quote:
Originally Posted by Jason14h
This is why it is so important for young people to start saving and making hard decisions with money and investing at a young age. Have some capital available when they are 25.
Going to our Avacado example, cutting out $10 in Starbucks and Avacado's a day and invsting/saving from the age of 18 until 25, at a RoR of 7% would yield $40K by age 25. Theres the house down payment.
The problem is people don't save, and then at 30 will have a very difficult time.
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Hahaha, sorry, where are you getting a RoR of 7%?? And which one bedroom apartment can I buy with a $40K down payment?