alt Hacker NewsSure, just save 100k out of your 170k comp, that's totally how normal people operate. And not only that, also pick the right stocks rather than just sticking everything in an index!
Just magically turn 10x 100k into 10M!
Replies
You do not understand compounding growth.
You could have looked up the numbers for indices yourself, but here you go -
S&P500 -> ~4 million
NDXT (top 100 tech) -> ~14 million.
> just save 100k out of your 170k comp
Yes, that was my starting salary, and that's almost exactly what I saved.
This calculation assumes your salary is somewhat constant and maxed out as the person I was responding to claimed, but in my experience you can expect your tech salary to double every ~5-6 years.
Shit, dump that $100k into bitcoin at the low point of 2015, and you'd have $37 million today. Easy!
I haven't got to 10m yet, but I saved 70-80% of my take home pay since ~2008 and I have enough to quit at any time and live the rest of my life without working. That is just by investing in the 3-fund portfolio and without the crazy SF salaries.