The Millennial Gen Z future right here. F 🤡 🤡 🤡 Math Lesson on why $2 mil is not a lot. Hourly Rate: $25 Hours per Year: 2,000 Years Worked: 70 - 18 = 52 years Yearly Salary: $25/hour * 2,000 hours = $50,000 per year Lifetime Salary: $50,000 per year * 52 years = $2,600,000 ----------------------------------------------------------------------- Lifetime Salary After Taxes: Assuming a tax rate of 25% (for estimation), the salary after taxes would be: Yearly After-Tax Salary: $50,000 - (25% of $50,000) = $50,000 - $12,500 = $37,500 Lifetime Salary After Taxes: $37,500 per year * 52 years = $1,950,000 ------------------------------------------------------------------------------ Other Expenses: Rent: $1,000/month * 12 months = $12,000/year Over 52 years: $624,000 Electric & Water: $100/month * 12 months = $1,200/year Over 52 years: $1,200 * 52 = $62,400 Food: $10/day * 365 days = $3,650/year Over 52 years: $3,650 * 52 = $189,800 New Car (every 10 years): $20,000 every 10 years * 5 cars (52 years / 10 years) Total cost for cars over lifetime: $100,000 Car Insurance: $80/month * 12 months = $960/year Over 52 years: $960 * 52 = $49,920 Clothes: $200/year Over 52 years: $200 * 52 = $10,400 Gas (Fuel and Maintenance): $2,000/year (estimate based on moderate driving) Over 52 years: $2,000 * 52 = $104,000 Health Insurance: $300/month * 12 months = $3,600/year Over 52 years: $3,600 * 52 = $187,200 Total Expenses: Rent: $624,000 Electric & Water: $62,400 Food: $189,800 New Cars: $100,000 Car Insurance: $49,920 Clothes: $10,400 Gas: $104,000 Health Insurance: $187,200 Total Expenses: $1,328,720 Lifetime Salary After Taxes Minus Expenses: $1,950,000 (Lifetime salary after taxes) - $1,328,720 (Total expenses) = $621,280 ---------------------------------------------------------------------------------------------------------- $621,280 is $32.75 per day during that period- if you can save it. You also still need money if you live past 70 and you'd have to eat spam every day for 52 years.