Chris Kline
๐ค SpeakerAppearances Over Time
Podcast Appearances
But then I started thinking about it.
with the inflation, and I can't pull out till 65, is this even worth putting 6K a year in?
Depends on what you invest in.
Yeah.
So I was just in Dallas when we connected before I came this week and I was on
another podcast with two old guys, Cain Tanker's old guys.
And we were talking about, I said, this avocado toast coffee is a bunch of BS.
The boomers have told us as younger generations, well, if you just skip that avocado toast and you skip that coffee, you could also own a home like we did.
I ran the math on it.
And so let's say modestly $17.50 a day for 10 years on coffee and avocado toast.
And that's
probably it's now probably 25, but you go, you go to the last 10 years, 1750, you would have saved about $63,000, but you have to account for that cumulative inflation effect.
That 63 is worth about 40, $42,000 now.
Well, the median home price in America is $420,000.
So a down payment on that is about 80, right?
So you're only halfway there by just saving.
You have to now take it the next step and invest it in things
that give you yield or give you growth.
And while it seemed crazy 10 years ago when they were like, you're going to put Bitcoin in a retirement account.
If you look now, looking back, hindsight's always 2020.