I saw this question posted on HardwareZone so I thought I will tackle it. The question asks whether it is rare to find folks currently in their 40s to be debt free and have a liquid net worth of $1,500,000.
I think we all tend to not know the math behind the end result and thus at first thought, this seems rather rare, but the math below does show that it is entirely possible, and you can have a sensible monthly amount left over.
Before I get on with the numbers, I want to state that I am not doing some every university graduate can achieve this article. There are likely subset that don’t fall within this scenario but it is likely that there are niche number of your friends and acquaintance that do.
If a person is 45 this year, 20 years ago, the couple should be 25 years ......