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re: Mississippi State to Require Personal Finance/Dave Ramsey of all athletes
Posted on 6/10/15 at 1:15 pm to allin2010
Posted on 6/10/15 at 1:15 pm to allin2010
quote:
Very few individuals can currently earn that rate of return. Banks pay zero on savings, etc.
What investments are making that return?
Income is taxed, but car interest is not deductible. So you would not net that much.
For most people debt is bad, especially credit card debt with high interest rates.
8% long term is very attainable - you just have to be willing to learn a little. I've had years that I have made 24%, I've had years that I lost 10%. Over the long term, I've averaged about 9.3%, so its definitely possible.
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