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RE: Saving $ 10 a day - Can't Retire on that.
clear resteem.
$10 a day will be worth around $ 5 a day in 25 years and $ 2.90 a day in 50 years assuming inflation averages around 2.5%.
The sad part is that nature or history does not average. Huge discontinuities, boom and busts dominate the landscape. When there is hyperinflation you even lose everything. Its like winning the lottery but die a day after. I wonder how likely it was, if you put the 10 dollars over 25years into venture capital? If you hit a future bubble, 10$ can make you a millionaire even if all the others are fails.
I agree. In the 1980s mortgages and bank loans were above what consumer credit cards are at today.
I've never been in a situation with hyper inflation, but that is why diversifying in global funds and among other things like crypto land stocks and precious metals is a good strategy.
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