Once again you bring up the mathematically impossible!
Average price of new car, just about $25,000, deduct average price of reasonable used car of $15,000 equals $10,000.
Invest $10,000 at 5% compound interest for 30 years = $47.600. To reach $1,000,000 you would need at least $225,000. which is just about the cost of 10 new cars.
Please, either go back to school and learn simple math, or just stop exaggerating to prove a point that can not be proved!
The average middle class individual is lucky enough to make enough money to keep himself/herself above water, and have enough for food, shelter and clothing! Saving large enough monies for investing to become wealthy (especially for families) is just not possible!!
Ultra conservatives such as yourself always seem to want to blame the average middle class working person for their conditions, and it is just unreasonable to do so!!
Apr 12, 2017