Is it worth investing if I can only contribute $50 a month?
JoshuaFalken @ JoshuaFalken @lemmy.world Posts 0Comments 184Joined 2 yr. ago
JoshuaFalken @ JoshuaFalken @lemmy.world
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Taking a step further, if the last thirty five years are any indication, that future $21k would be worth less than today's $10k.
Besides, to overcome inflation, you'd need to average double digit returns on your investment every year for half a lifetime.
Like you say, it's a tough decision if there's anything that can provide you value now. Not to argue against savings, but expecting it to grow exponentially with no effort is folly.