Originally Posted by Rdline1
investing $80k today would turn into $500k in 20 years if you got decent interest. better to invest it, live a normal life now, and retire on the beach in 20 years
You need a 9.2%+- return to be able to have $500K from $80K compounded daily for 20 years.
Now being that real estate has improved by 17.8 percent last year - even with a great return for 9.2% you would still behind the game after one year.
So, even if you had $80K to turn into $500k in 20 years, that $500K will be buying you much less. (and you can pretty much forget the condo on the beach)
Better off to spend the money like BBB suggested and at least have a picture of what could have been...