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MFW the cost of living doubles every 10 years
Post Reply RetroFed Forum Forum Index » The Shitpost Office
AuthorMessage
cm0002 lemdro.id cm0002@lemdro.id
Joined: 2025-06-07
Quote
95   Original
A404 lemmy.dbzer0.com A404@lemmy.dbzer0.com
Joined: 2026-04-11
#2 · Quote Reply

And thats the reason why ill stick to RV life even tough i could afford a home
2
Lemmyoutofhere lemmy.ca Lemmyoutofhere@lemmy.ca
Joined: 2025-03-08
#3 · Quote Reply
A404 wrote:
And thats the reason why ill stick to RV life even tough i could afford a home

The value of a home doubles every 10 years as well.
2
empireOfLove2 lemmy.dbzer0.com empireOfLove2@lemmy.dbzer0.com
Joined: 2023-12-22
#4 · Quote Reply

"don't worry inflation is only 3% though"
4
August27th lemmy.ca August27th@lemmy.ca
Joined: 2023-08-27
#5 · Quote Reply

If I recall correctly, compound interest of 7% a year, for 10 years, will result in having doubled your money
2
ThirdConsul lemmy.zip ThirdConsul@lemmy.zip
Joined: 2026-01-03
#6 · Quote Reply
August27th wrote:
If I recall correctly, compound interest of 7% a year, for 10 years, will result in having doubled your money

That's the problem actually. Wages don't grow that fast. If you haven't started with sizable amount of money to just invest and let it grow, you're fucked.
2
SkaveRat discuss.tchncs.de SkaveRat@discuss.tchncs.de
Joined: 2023-07-09
#7 · Quote Reply
empireOfLove2 wrote:
"don't worry inflation is only 3% though"

tfw you're into the wrong kind of inflation
2
boobookittyfrick lemmy.zip boobookittyfrick@lemmy.zip
Joined: 2026-07-29
#8 · Quote Reply
SkaveRat wrote:
tfw you're into the wrong kind of inflation

1
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