Suppose you’re aiming for a half-million-dollar house and want a 20% down payment. In that case, your savings target would be $100,000.
You’d be surprised how smart steps today can add up over the years!
Investing $1,000 per month (at an annualized 10% real rate of return, which is approximately the S&P 500 return) works out to $100,000 after only 6 years and 3 months.
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