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Old 01-08-2016, 11:50 PM
Cornelius's Avatar
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Default Wow an eye opener.

I was messing around with my calculator app and put some figures into the inflation calculator. I looked at
$100,000 in 1980 compared to today. Today the comparable amount at average 2.97% calculates to
get this $286,763.35 or a cumulative inflation of 186.76% inflation.

So all you people who promote a six figure income should consider some period of inflation going forward.
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Old 01-09-2016, 01:31 PM
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Here's a calculator to play around with. Have fun...

Inflation Calculator 2016
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Old 01-09-2016, 01:53 PM
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The above calculator shows why for the serious person residual income is a very important consideration. Sure making some extra income is great but for the builder as you build your business organization your income should grow along with your business.

Just as a side note I have noticed some of the high earners in the industry I've read about online in passing invest outside of their respective companies also.
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Old 01-10-2016, 02:25 PM
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Here's a better calculator to try. You can project out to a future date.

https://smartasset.com/investing/inf...tor#fFm0jExbjV
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Old 01-10-2016, 03:52 PM
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Yikes! Definitely an eye-opener... thanks for sharing.
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