Owen Rascovitch

It is for others but it's not a lot.

So what we have there, we've got the amount that you're saving.

Yep.

That's the 50 bucks.

We've got the return that you're getting, which is 10%, which is reasonably high, especially if you have to think about tax, but 10%.

And then you've got time, which is 30 years.

So those are the three ingredients.

How much do you save to invest?

What return do you get?

How long do you let it work?

And those are the things.

And if you...

And this is only this one example.

If you're doing this, you might also have super, which would be saving probably that amount or more if you're working.

We've done an episode on that.

And then you would also have probably a property, like a home that you live in.

So there's that.

So this is not your only retirement or nest egg.

But if you were just saving 50 bucks a week and you just did it rain, hail or shine, you would be left with a pretty good lump of cash.

But one of the things, and particularly if there's a young person listening to this, so 20s or even younger, it's pretty hard to think like 30 years ahead.