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American Dream costs $4.4M, Investopedia says
#americandream #investopedia #yahoofinance
The American Dream costs an estimated $4.4 million, according to a new report from Investopedia. Caleb Silver, Investopedia’s editor-in-chief, sits down with Alexandra Canal on Wealth! to break down the report’s findings and what it means for you. Silver says “$4.4 million sounds like a lot because it is a lot. But we’re talking about a lifetime of earnings, [ages] 25 to 65. How much money you would need to have [to reach the American Dream with]…
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It's not how much you make, but how you manage it. I realized that even high earners can retire broke, while modest income earners can build wealth. Living below your means, adopting a frugal lifestyle, and consistently investing are the foundations of financial freedom. After 10 years of disciplined saving and investing, I celebrated hitting $2 million last year. Now, I'm cheering on everyone striving for financial independence. Remember, financial freedom requires ongoing effort, but the peace of mind is priceless.
LOLOL 4.4$ mill. who tf saving that much money????
$4.4m is overblown. You can do it for much less with frugality and good financial sense.
$811k for having new cars. Are you kidding?
buy assets over liabilities
4.4 million today, 10 million in a year coming soon.
I had enough for a car too. $3500.
I had enough for a wedding. It cost $800.
Honestly, a lot more affordable than I imagined. If we work hard enough, itโs attainable by the average person
This concept is ridiculous. shop around. even for your "American dream" goals. I'm doing everything I could ever want on much less by just being money smart, planning lol. like what you want a new car every year? you want a 2400 sq ft house and acres? be realistic.
Key point. $4.4 mill is for the whole household of 2 adults, and for 40 years (25-65). That means $55k per person per year. This is the median individual income in the US. So 50% of the people make more than this, 50% people make less. So the american dream is achievable for 50% of the Americans.
This number is only for the selfish Americans!
almost a million dollars in cars? What a joke… today's cars will easily last 15 years. so 4 cars in a lifetime at 25000 a pop net cost per acquisition after rolling over equity is 100k, x 2 cars is 200k, not 800k
If US politicians didn't waste trillions around the world, the American dream could have been a reality.
0:45 – From age 25 to 65 with the median income 2:11 Which is 80k a year or 1500$ a week. Making 1500$ a week is not easy especially when these 1500$ a week opportunities donโt come up every day.
!I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks or Crypto will be appreciated.
What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.
Raising Children 800k, you mean half dozen ? Car 900k, all fucked up numbers and fake creation.
His figure of the average person earning 2.8 to 3 million over their 40 years working is for household and not individual. The average individual will earn 1.6 million; that's based on the median income of 42K per year. 2.8 million over 40 years is 70K per year. No way the median individual income in the US is 70K.
Excellent advice Caleb ๐
Its called a dream and not reality and you have to be sleeping to see it๐
For some reason, mine cost 100 times that much. But I guess reasonable is relative.
Look how much these people hate you. Work until 60 to enjoy 10 years of life ? Pathetic. This is Biden and Harrisโs dream. Not the American dream
This $4.4M number is a lie. "THEY" don't want you to know that the number is much lower than that, if not succumbing to the "buy, buy, buy" economy.