Quote:
Originally Posted by quickfeet
Borrowing money to buy cars is hard to stomach imho. The average car payment is $500 in the us, if you invested that same amount of money per month for 30 years is somewhere in the ballpark of 5mil. This assumes the person is always upgrading and keeping a payment, and the market performs the way it has.
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No, not even close. You'd need an investment that averages about 18% growth per year for 30 years to reach $5M. It's possible, but highly unlikely.