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

[palou]

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

 

So, with 2% inflation... 96k equivalent dollars. After 45 years of continuous saving and waiting. Yeah... not impressed. I'd like a house before I enter retirement, and 96k will get you a shack, at best.