Quote:
Originally Posted by mmonroe
I pay more into my savings out of each paycheck than I do in taxes on the paycheck. Once I hit 100k, then i'll look into some investment bond or something. At the moment, i'm only seeing that reach in another 9 years.
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Look into mutual funds and bonds now. We've been using that in our IRA and have been very happy. You'll hit 100K faster.
Rule of 72. Divide 72 by the interest rate and that's how many years it takes to double your money.