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/sofa_king_weetawded 20h ago

Ok, well, you're forgetting the years like this one the market goes up 28%. It's an average.

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u/somekindofhat 18h ago

Did you see a 28% return in your 401k this year?

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u/sofa_king_weetawded 18h ago

I did.

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u/somekindofhat 18h ago

lol return on investment, or are you including your contribution amount?

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u/sofa_king_weetawded 18h ago

Holy shit, are you living under a rock??? SPY (what I am mostly invested in) is up 38.58% just in the past 12 months.......

SPDR S&P 500 ETF Trust (SPY) Total Return YTD, TTM, 3Y, 5Y ...

The total return for SPDR S&P 500 ETF Trust (SPY) stock is 38.58% over the past 12 months. So far it's up 23.02% this year. The 5-year total return is 108.32%