10th Oct 2020, 04:44
$3500 in 1969 is worth about $25000 in 2020 just due to inflation. So, being “worth” $40000 means the investment roughly doubled in value after accounting for inflation. Good, but not the 12x increase it may seem at first glance.
9th Oct 2020, 21:49
Bought a beach home for $165,000 in the early 1990s. Now worth $750k. And got to use it. Not a car comparison. But both are tangible assets you physically can enjoy. Or look at paper and hope your health is good enough to enjoy the money in the distant future. It certainly isn’t the time for worldwide travel. I don’t think you are getting as much today material wise. Some haven’t seen raises in a long time. Time to have spent was 80s especially. 2020 with the pandemic isn’t a super prosperous time in most professions.