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Quora: Why aren't more people wealthy from index funds?

Gordon says, “Because you can make more money faster i...
elite mind-boggling crotch wagecucks
  03/19/19
explain this magical way you can make more money
elite mind-boggling crotch wagecucks
  03/19/19
Have you heard of Dragon Coins?
Flesh Abusive Center Pisswyrm
  03/19/19
...
concupiscible chapel karate
  03/19/19
...
pink sanctuary
  03/19/19
...
adventurous pistol school cafeteria
  03/19/19
granted i make well under 100k but even for me living frugal...
boyish saffron temple
  03/19/19
Yeah $1000/mo for a 22yo usually isn’t easy
beady-eyed scourge upon the earth cuck
  03/19/19
Because lots of proles live paycheck to paycheck.
ultramarine den
  03/19/19
Lol, I bet just as many biglawyers live paycheck to paycheck...
bespoke provocative set
  03/19/19
This is sadly CR. Lifestyle inflation is a bitch.
gold site dopamine
  03/19/19
That's because they get married, and anytime you add a woman...
sepia business firm
  03/19/19
I'm admittedly in ARE Country, but $100K as a single dood is...
gold site dopamine
  03/19/19
biglawyers who live paycheck to paycheck are prole.
ultramarine den
  03/19/19


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Date: March 19th, 2019 9:51 AM
Author: elite mind-boggling crotch wagecucks

Gordon says, “Because you can make more money faster in other ways than 7% a year over 40 years. If you start at age 22 and put $1,000 a month into an indexed fund of the DOW or S&P 500 and 40 years later you have $1.8M. You are “rich” but not “wealthy”.”

Whereas Gordan makes a million bucks a year and is wealthy. Good for him. And good luck to you if you try to start a company and make a million a year yourself.

But while you are doing that, why not also find a way to put $1000 a month into an index fund. Surely if you can manage to make a million a year you will also be able to find a way to sock away a thousand a month (or your local equivalent)?

That way if your million dollar a year company doesn’t come to fruition you will be modestly rich when you are older.

And by the way, the modestly rich who’ve become so through index funds are not easy to spot. The teacher who has consistently put aside money into her index fund. The bookkeeper who has done the same. People who have a modest salary but have their financial house in order (spend less than they earn so they can consistently save) are people who are used to living fairly conservatively and if they get into their sixties and are worth a couple million you often would have no idea based on their lifestyle.

(http://www.autoadmit.com/thread.php?thread_id=4224176&forum_id=2#37954098)



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Date: March 19th, 2019 9:51 AM
Author: elite mind-boggling crotch wagecucks

explain this magical way you can make more money

(http://www.autoadmit.com/thread.php?thread_id=4224176&forum_id=2#37954101)



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Date: March 19th, 2019 9:55 AM
Author: Flesh Abusive Center Pisswyrm

Have you heard of Dragon Coins?

(http://www.autoadmit.com/thread.php?thread_id=4224176&forum_id=2#37954122)



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Date: March 19th, 2019 10:12 AM
Author: concupiscible chapel karate



(http://www.autoadmit.com/thread.php?thread_id=4224176&forum_id=2#37954173)



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Date: March 19th, 2019 10:31 AM
Author: pink sanctuary



(http://www.autoadmit.com/thread.php?thread_id=4224176&forum_id=2#37954260)



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Date: March 19th, 2019 10:44 AM
Author: adventurous pistol school cafeteria



(http://www.autoadmit.com/thread.php?thread_id=4224176&forum_id=2#37954321)



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Date: March 19th, 2019 9:57 AM
Author: boyish saffron temple

granted i make well under 100k but even for me living frugally in a metro area saving 1k/month is not easy. can't imagine doing so if i had student loans too

(http://www.autoadmit.com/thread.php?thread_id=4224176&forum_id=2#37954133)



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Date: March 19th, 2019 10:09 AM
Author: beady-eyed scourge upon the earth cuck

Yeah $1000/mo for a 22yo usually isn’t easy

(http://www.autoadmit.com/thread.php?thread_id=4224176&forum_id=2#37954166)



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Date: March 19th, 2019 9:58 AM
Author: ultramarine den

Because lots of proles live paycheck to paycheck.

(http://www.autoadmit.com/thread.php?thread_id=4224176&forum_id=2#37954137)



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Date: March 19th, 2019 9:59 AM
Author: bespoke provocative set

Lol, I bet just as many biglawyers live paycheck to paycheck as auto mechanics.

(http://www.autoadmit.com/thread.php?thread_id=4224176&forum_id=2#37954142)



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Date: March 19th, 2019 10:02 AM
Author: gold site dopamine

This is sadly CR. Lifestyle inflation is a bitch.

(http://www.autoadmit.com/thread.php?thread_id=4224176&forum_id=2#37954147)



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Date: March 19th, 2019 10:30 AM
Author: sepia business firm

That's because they get married, and anytime you add a woman to the equation, your expenses increase.

If those bros didn't get married, they'd likely be rolling in dough. Just imagine making $500k a year as a single dude...

(http://www.autoadmit.com/thread.php?thread_id=4224176&forum_id=2#37954255)



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Date: March 19th, 2019 10:38 AM
Author: gold site dopamine

I'm admittedly in ARE Country, but $100K as a single dood is plenty. Women are the source of most expenses, the reality is that there's just not that much to spend money on.

(http://www.autoadmit.com/thread.php?thread_id=4224176&forum_id=2#37954288)



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Date: March 19th, 2019 10:31 AM
Author: ultramarine den

biglawyers who live paycheck to paycheck are prole.

(http://www.autoadmit.com/thread.php?thread_id=4224176&forum_id=2#37954257)