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Fairfax Underground
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
If you live in America and you don’t retire a millionaire, you have no one to blame but yourself
Posted by:
Mon€¥ Mon$ter
()
Date: December 11, 2019 05:26PM
https://youtu.be/7wjuCgtL0yA
A loser can retire a millionaire in this country. That’s how dynamic this economy is.
A loser can retire a millionaire in this country. That’s how dynamic this economy is.
Re: If you live in America and you don’t retire a millionaire, you have no one to blame but yourself
Posted by:
Ben Stein’s $
()
Date: December 11, 2019 07:23PM
Dave isn’t wrong, but 12% growth is extremely optimistic.
Re: If you live in America and you don’t retire a millionaire, you have no one to blame but yourself
Posted by:
President Trump FTW!
()
Date: December 11, 2019 08:04PM
Well duh.
Re: If you live in America and you don’t retire a millionaire, you have no one to blame but yourself
Posted by:
hahgtg
()
Date: December 11, 2019 08:23PM
A loser who goes bankrupt 11 times, dodges the draft 7 times, cheats on his wives and his taxes, defrauds his own charity, hires scores of illegal aliens. sexually assaults women, pay off porn stars and penthouse playmates illegally, can become President, betray his country, obstruct justice, get impeached and still hold sway of millions of idiots - and you have no one to blame but yourself.
Re: If you live in America and you don’t retire a millionaire, you have no one to blame but yourself
Posted by:
so rich!
()
Date: December 11, 2019 08:32PM
Mon€¥ Mon$ter Wrote:
-------------------------------------------------------
> https://youtu.be/7wjuCgtL0yA
>
> A loser can retire a millionaire in this country.
> That’s how dynamic this economy is.
a million dollars is a poor person's idea of 'rich'
Why not eat a dick poser?
-------------------------------------------------------
> https://youtu.be/7wjuCgtL0yA
>
> A loser can retire a millionaire in this country.
> That’s how dynamic this economy is.
a million dollars is a poor person's idea of 'rich'
Why not eat a dick poser?
Re: If you live in America and you don’t retire a millionaire, you have no one to blame but yourself
Posted by:
lincoln signpost
()
Date: December 11, 2019 08:34PM
Being a millionaire these days is nothing special. Most people over 55 are millionaires in this area. BFD.
Re: If you live in America and you don’t retire a millionaire, you have no one to blame but yourself
Posted by:
Not the point
()
Date: December 11, 2019 09:11PM
so rich! Wrote:
-------------------------------------------------------
> Mon€¥ Mon$ter Wrote:
> --------------------------------------------------
> -----
> > https://youtu.be/7wjuCgtL0yA
> >
> > A loser can retire a millionaire in this
> country.
> > That’s how dynamic this economy is.
>
>
> a million dollars is a poor person's idea of
> 'rich'
>
> Why not eat a dick poser?
It's not about being "rich" or not which on it's own is subjective. Dave's point is that it's very possible to accrue up to a million enabling one to be able to live their golden years debt and worry free. No one that posts to this site even sniffs anything close to $1.5 million. I'd be surprised if even 1/4 were millionaires. No one with that sort of money would waste their time here.
-------------------------------------------------------
> Mon€¥ Mon$ter Wrote:
> --------------------------------------------------
> -----
> > https://youtu.be/7wjuCgtL0yA
> >
> > A loser can retire a millionaire in this
> country.
> > That’s how dynamic this economy is.
>
>
> a million dollars is a poor person's idea of
> 'rich'
>
> Why not eat a dick poser?
It's not about being "rich" or not which on it's own is subjective. Dave's point is that it's very possible to accrue up to a million enabling one to be able to live their golden years debt and worry free. No one that posts to this site even sniffs anything close to $1.5 million. I'd be surprised if even 1/4 were millionaires. No one with that sort of money would waste their time here.
Re: If you live in America and you don’t retire a millionaire, you have no one to blame but yourself
Posted by:
President Trump FTW!
()
Date: December 11, 2019 09:24PM
This thread is about retiring a millionaire.
Who's not going to retire a millionaire?
After 40 years of working and you don't have at least a million bucks, you're the biggest failure at life ever. You should have a million after 10 years working unless you elect democrats.
Who's not going to retire a millionaire?
After 40 years of working and you don't have at least a million bucks, you're the biggest failure at life ever. You should have a million after 10 years working unless you elect democrats.
Re: If you live in America and you don’t retire a millionaire, you have no one to blame but yourself
Posted by:
more reality
()
Date: December 11, 2019 09:49PM
Ben Stein’s $ Wrote:
-------------------------------------------------------
> Dave isn’t wrong, but 12% growth is extremely
> optimistic.
Yeah...12% is almost Madoff territory. Not quite, but that's high.
You also have to account for cost of living increases, meaning, a million bucks today ain't going to be the same as a million bucks in 20 years.
So, that 12% growth needs to be chipped a little, maybe 2 or 3% to account for that.
Example...say you've invested $100, so, in one year that $100 becomes $112.
Great...except in a year, $112 might be equivalent to something like $109 today.
So, you gotta take that into account.
Many people don't. $1.5 mill today, you could probably retire, depending on how much more you're going to, and what kind of living arrangements you're going to end towards the end. If you a long time requiring specialized care, you're probably going to need more than $1.5.
But, $1.5 million 20 years from now is worth way less than $1.5 million today.
Plus, 12% might not be realistic. 8-10% is more realistic.
-------------------------------------------------------
> Dave isn’t wrong, but 12% growth is extremely
> optimistic.
Yeah...12% is almost Madoff territory. Not quite, but that's high.
You also have to account for cost of living increases, meaning, a million bucks today ain't going to be the same as a million bucks in 20 years.
So, that 12% growth needs to be chipped a little, maybe 2 or 3% to account for that.
Example...say you've invested $100, so, in one year that $100 becomes $112.
Great...except in a year, $112 might be equivalent to something like $109 today.
So, you gotta take that into account.
Many people don't. $1.5 mill today, you could probably retire, depending on how much more you're going to, and what kind of living arrangements you're going to end towards the end. If you a long time requiring specialized care, you're probably going to need more than $1.5.
But, $1.5 million 20 years from now is worth way less than $1.5 million today.
Plus, 12% might not be realistic. 8-10% is more realistic.
Re: If you live in America and you don’t retire a millionaire, you have no one to blame but yourself
Posted by:
Mon€¥ Mon$ter
()
Date: December 11, 2019 10:08PM
Re: If you live in America and you don’t retire a millionaire, you have no one to blame but yourself
Posted by:
he probably does
()
Date: December 11, 2019 10:37PM
Mon€¥ Mon$ter Wrote:
-------------------------------------------------------
> https://www.youtube.com/watch?v=mHkXjEOQ7aU
>
> Dave explains the 12% projection he pitches
He may...I didn't watch long enough.
Got kind of turned off by the guy, he seems to be a guy I wouldn't want to hang out too long with with. seemed a little angry and self righteous.
He also seems like a guy that is happy bashing other people...and quite possibly making up a load of BS about himself.
More power to him if he gets 12% over a long term.
It is an unusual return, and I tend to be a little suspicious of people claiming unusual returns. Basically, you would double your money in a little over 6 years.
Not that it can't happen, but it also wouldn't be the first time that some jagoff makes crap up to make themselves look, or sound, good on radio, and be the "man".
-------------------------------------------------------
> https://www.youtube.com/watch?v=mHkXjEOQ7aU
>
> Dave explains the 12% projection he pitches
He may...I didn't watch long enough.
Got kind of turned off by the guy, he seems to be a guy I wouldn't want to hang out too long with with. seemed a little angry and self righteous.
He also seems like a guy that is happy bashing other people...and quite possibly making up a load of BS about himself.
More power to him if he gets 12% over a long term.
It is an unusual return, and I tend to be a little suspicious of people claiming unusual returns. Basically, you would double your money in a little over 6 years.
Not that it can't happen, but it also wouldn't be the first time that some jagoff makes crap up to make themselves look, or sound, good on radio, and be the "man".
Re: If you live in America and you don’t retire a millionaire, you have no one to blame but yourself
Posted by:
Hate them all
()
Date: December 11, 2019 11:54PM
Dave Ramsey, Ric Edelman, Suze Orman are all obnoxious, pretentious know it alls. I cannot stand to listen to any of them.