Comments on: 15 of My Favorite Reads This Month ⭐

By: John C

John C — Tue, 02 Apr 2019 12:25:12 +0000

Hi Joe, you expect only real returns of 5% per year over a several decade time frame? I already accounted for 2% inflation in those calculations against 10% annual returns for a 100% stock portfolio yielding an 8% real return. I then wrote another article comparing if this exact strategy had been put in place at different points in history. https://actionecon.com/gifting-an-inheritance-at-birth/ . No one can fully predict exactly what the stock market, or inflation will be over super long periods of time, but historically we are doing well over 5% in real returns. Of course it could be even worse than your calculation and 65 years from now the dollar could have fully collapsed and be worth nothing.

By: JoeTaxpayer

JoeTaxpayer — Tue, 02 Apr 2019 00:07:49 +0000

65 years of inflation at 3%, 1.03^65 = 6.83X

and $1M/6.83 = $146K in today’s dollars. X 4%/ yr is $5856.

Not a bad perk for gramp’s single deposit. But not a ‘retirement’. Nice try though.

By: J. Money

J. Money — Mon, 01 Apr 2019 10:33:42 +0000

In reply to DNN.

The point of deleting your social accounts is to step away from getting sucked into it all or being influenced by it – it’s not a *marketing* play ;) In fact, it’s an opposite marketing play for those who have blogs/etc!

By: J. Money

J. Money — Mon, 01 Apr 2019 10:25:09 +0000

In reply to Nita. Awww, haha... At least he's thoughtful!

By: DNN

DNN — Sat, 30 Mar 2019 10:50:58 +0000

to me, it would seem totally against the grain if a person delete social media accounts, simply because there’s all kinds of third-party automated posting tools to share content to multiple social platforms, resulting in a significant increase in traffic two published content. Your thoughts on this?

By: Nita

Nita — Fri, 29 Mar 2019 21:10:03 +0000

The wife and McMansion post is positively adorable.
(I’m like Megan wishing, my partner would get it as well… he’s gotten into flowers lately. For Valentine’s day he bought me a fliwer plant. I have no idea what it is, what it needs to live and even when it will bloom, and given I could probably kill a plastic plant… poor thing.)

By: J. Money

J. Money — Fri, 29 Mar 2019 18:03:46 +0000

In reply to Megan. Lucky guy!! :)

By: Megan

Megan — Fri, 29 Mar 2019 17:55:29 +0000

5 a.m. Joel’s wife sounds a lot like me. I’m so grateful my husband listened to me and didn’t buy a huge engagement ring. Still trying to convince him I love our little <900 sq. ft ranch house and don't want to clean a huge house.

By: J. Money

J. Money — Fri, 29 Mar 2019 17:42:36 +0000

In reply to Life Outside The Maze.

Glad you liked it!

Reminds me of another fun fact about $100 bills – that one out of every 2 or 3 contains traces of cocaine :)

https://www.snopes.com/fact-check/cocaine-on-money/

By: J. Money

J. Money — Fri, 29 Mar 2019 17:39:22 +0000

In reply to Generous Yiadom.

Very cool!!! And not surprising about the 33 clothes! Haha…

You can sign up to my *weekly* newsletter if you want to see more stuff like this:

newsletter/

I tend to put a lot more “lifestyle” stuff in there vs $$$ all the time :)

Glad you enjoyed the article!