sdcellar, I can’t speak for everyone, but you obviously have no qualm doing it. So you know what, you can take it. It might be atypical but it’s not meaningless. It’s doable if one put their mind to it. I’m doing it everyday and I make less than $150k. So I guess I’m atypical by your definition. So be it.
Regarding the 8% return, you might want to Google the long term average of the DOW and S&P. Once you do, please come back here and tell us what that number is.
What’s realistic to you is not realistic to me or other people. I know people who are more frugal than I and I know people who can’t get out of credit card debt. So to those who are in constant credit card debt, saving $1k/month is also atypical. But you obviously not going to point that out, would you? If I use US average saving rate, then it’s typical to save nothing.
If you can’t read between the lines and look that the numbers as an example, then that’s your problem. Not mine. To me, the example is to prove the power of compound interest. But you obviously fail to see that and look only at the literal number. Once again, your problem, not mine.
