How soon can one achieve financial freedom?
By rocky777
@rocky777 (353)
India
April 20, 2007 3:31am CST
If one saves 25% of ones income and if you earn 25% interest on your savings (on the stock market of course, where else can you earn 25%?), then how soon can one be financially free? Inflation may be assumed to be 10% to make the calculations easier. The aim is to earn an income equal to your current income plus inflation to offset the cost of living increase.
Any math wizards around?
No responses
