false. Because the coffee cost also "inflation adjusts", and would probably put the target closer to the $1mm that Orman originally claimed.
> If you earn only the median income of 61,372 – and never receive a raise for 40 years – that adds up to $2,454,880
Only if you're committing massive tax fraud. Last I checked, the gov lightens your load by about 37% each year.
She's not perfect, but if she gets a large amount of people out of financially clueless to financially "aware and avoidant of obvious mistakes", she's doing a lot of people a great favor.
false. Because the coffee cost also "inflation adjusts", and would probably put the target closer to the $1mm that Orman originally claimed.
> If you earn only the median income of 61,372 – and never receive a raise for 40 years – that adds up to $2,454,880
Only if you're committing massive tax fraud. Last I checked, the gov lightens your load by about 37% each year.
She's not perfect, but if she gets a large amount of people out of financially clueless to financially "aware and avoidant of obvious mistakes", she's doing a lot of people a great favor.