LogFAQs > #890943181

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Topic	America: Too poor to buy homes, pay rent/car loan
FLUFFYGERM 11/23/17 5:55:01 PM #143:	$2000 a year invested into a fund over a 15 year period at 10% interest gets you close to $70,000. Suddenly that phone is much more expensive! The same is true of most things people buy. The upper class buys what they need and then invests. Whereas the lower and middle class buy wants and then barely save/invest. Keeping up with the Joneses leaves you broke. --- they shall be the first ones against the wall when the revolution comes - averagejoel <cite>FLUFFYGERM posted [p:890943181] in America: T... [t:76022501]...</cite> <quote>$2000 a year invested into a fund over a 15 year period at 10% interest gets you close to $70,000. Suddenly that phone is much more expensive! The same is true of most things people buy. The upper class buys what they need and then invests. Whereas the lower and middle class buy wants and then barely save/invest. Keeping up with the Joneses leaves you broke. --- they shall be the first ones against the wall when the revolution comes - averagejoel</quote> ... Copied to Clipboard!
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