- Home expansion / renovation (~500-750 sq. feet)
- Luxury car & costs for 5 years (insurance, gas, maintenance, etc.)
- Camping trailer, insurance & lot for 5 years
What can $100,000 earn you?
Alternately, if you deposited the $10,000 saved each year over the duration of 10 years instead of spending on one of the luxuries above and then earn an average return of 7.8% each year for the next 30 years you would own investments valued at $694,763.08.