rojo wrote:
urdtgyu wrote:That's a cool $500,000 a year for 15 years. Doesn't sound too bad does it? The problem is that the cash flow comes to a halt at age 35. He might get lucky and be offered a cushy job by Nike but there are no guarantees so he has to plan as if he's not going to make any more money. If he lives to 70 years old, that $500,000 per year becomes $10,000 per year.
As a former HS math teacher, I must say math isn't your strong point.
If you make $500,000 per year from age 20 to 35, that's a total of %7.5 million.
$7.5 million divided by 50 - (age 20 to 70) is $150,000 per year.
You are WAY, WAY OFF.
If you make $500,000 TOTAL, it's $10,000 per year.
Nice try.
I edited my post to make the numbers more realistic and forgot to change the math. Sorry.
In other news, I will now be making a post to correct each spelling mistake you guys make. That should be fun.