Originally Posted by kevinbahnz
Since we're on the subject of money, I have a question and It may depend on many variables but how long would it take to save up $100,000. Lets say a combined $100k net income , 2 kids, with little to no debt. approx. $1500/rent and utilities. How long would it take that family to save up $100k?
If you are able to save the minimum which is 10% of your income, you will be able to save that amount in 10 yrs as long as you stick to the plan. Thing is, money is not buying what it used to buy years ago, I guess because of the economy. Hence, I don't know what a $100,000 will buy in 10yrs.