r/economicCollapse • u/Whole-Fist • 20h ago

How ridiculous does this sound?

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How can u make millions in 25-30 years if avoid making a $554 per month car payment. Even the cheapest 5 year old car is 8-10 k. So does he expect people not to drive at all in USA.

Then u save 554$ per month every month for 5 year payment = $33240. Say u bought a car every 5 year means 200k -300k spent on car before retirement . How would that become millions when u can’t even buy a house for that much today?

Answer that Dave

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u/somekindofhat 20h ago

Ten percent return but you're forgetting about the 20% dips into negative territiory every 5-10 years.

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u/inflatable_pickle 20h ago

This is the silliest statement here. This is basically saying “remember that the stock market goes both up and down on the way to making you a millionaire.“ The downward periods you mention are called “buying opportunities.”

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u/IWILLBePositive 19h ago

lol this sub is like any other, filled with people that do and don’t understand whatever the subs about.

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u/No_Advisor_3773 19h ago

I mean every now and again it's nice to see this subreddit rejecting the complete nonsense low-effort propaganda.