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  1. B

    Are there any rules of thumb for how much to spend on a vehicle purchase?

    @babyishcare I always put 100% down
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    Will an investment of $140,000 be worth $9,300,000 in 45 years?

    @aliveinchrist99 It’s doubled in the last 30 years, but the last 30 years have seen historically low inflation. Looking at data going back to the Great Depression it triples, not doubles every 30 years
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    Will an investment of $140,000 be worth $9,300,000 in 45 years?

    @dart It’ll spend a lot more like $2,000,000. Which would generate an income that’d be barely half of what he thinks his working income will be
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    Will an investment of $140,000 be worth $9,300,000 in 45 years?

    @davidixoye Pretty much (4.6 times its value). Think about what things used to cost 45 years ago (in 1976). Here are some of McDonald’s menu prices from 1976: Big Mac (75 cents), Quarter Pounder (70 cents), Quarter Pounder with Cheese (75 cents), Filet-O-Fish (65 cents), Hamburger (30 cents)...
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    Will an investment of $140,000 be worth $9,300,000 in 45 years?

    @davidixoye Here’s a calculator that gives a more realistic model I used 9% for the CAGR with a 20% std dev. That’s approximately the compound annual growth rate from 1802-1990 and the standard deviation from 1928-2020 I also used 2.7% for the inflation rate with a 1.1% std dev. That...
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