Of course we heard this 30 years years ago or more. I was supposed to work less and have more. Interesting, I work 60 hours per week... yea, I make more than 3 times what I did 40 years ago, yet somehow, everything costs over 4 times as much.
My first house cost under $50K. That very same house now costs six times as much.
Most of you here already know the punch line: inflation will sky rocket and that $200K will be barely enough to feed you the very next year.
Great plan.
Of course we heard this 30 years years ago or more. I was supposed to work less and have more. Interesting, I work 60 hours per week... yea, I make more than 3 times what I did 40 years ago, yet somehow, everything costs over 4 times as much.
My first house cost under $50K. That very same house now costs six times as much.
Most of you here already know the punch line: inflation will sky rocket and that $200K will be barely enough to feed you the very next year.
Great plan.
(post is archived)