Millionaire to Millennials: Stop Buying Avocado Toast If You Want to Buy a Home

[Teeqoz]

Ka-pi96 said:

numberwang said:

I have done the avocado toast math, if you save an average 7$ a day and put it in an account with 3% interest over 45 years you will end up with 233K$ savings. (Inflation would increase a future house price and your necessary savings).

https://www.wellandgood.com/good-food/why-avocado-toast-costs-10-dollars/

https://www.investor.gov/additional-resources/free-financial-planning-tools/compound-interest-calculator

That's nice and all... but where you can find a 3% interest rate that you could actually do that with? My bank offers around 0.5% on most of their regular savings accounts. So 3% over 45 years.... where would one find that?

Eh, and S&P 500 index fund will easily average over 3% annually over the course of 45 years...