@neppy Wrong! If you start socking away $30k per year into 401k at the age of 25 you will be become millionaire by age of 41. You will have more than $8 million by the age of 68. All this at conservative 7% return.
@Leo_Traydes Whoโs got $100k when they twenty? Even then, only an insane twenty year old would do that with $100k. First thing they would do is spend $80k on a truck
@lomaxx I donโt think you understand how taxes work. The year you sell stocks position you owe capital gain tax on your $200k, itโs different from the income tax you pay every year on your $90k income. Your capital gain tax is likely $0 if you file married.