Here's the story: We sat down with a man who had a harrowing journey with addiction. He began by telling us about his early days in tertiary education, where he would occasionally smoke dagga with friends. However, his focus remained on his studies, and he worked hard to graduate and secure a qualification. After landing a job, he started building a life for himself. He got married, bought a property, and even splurged on a car. Life was good, and he felt like he was on top of the world. But one fateful night, while out with friends, he was introduced to heavier narcotics. At first, the experience was exhilarating. He described it as an elevation from the mild high of dagga to a level 5 high, where he felt invincible and euphoric. The effects would last for days, allowing him to party from Friday to Sunday without sleep. The problem, however, began to manifest on Mondays and Tuesdays every week, when the withdrawal symptoms would kick in, and he'd struggle to function at work....
INVEST IN YOU: READY. SET. GROW. How much you’ll need to invest every month to earn $35,000 per year in interest for retirement
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How to earn $35,000 in interest alone every year in retirement
There are countless retirement strategies that can help you fund your golden years.
But an interest-only retirement plan can help remove one of the biggest fears about life after leaving your job: Will my money outlast me?
Here’s a case study.
If you want to get $35,000 every year in retirement, you will need to save more than $1.1 million.
Check out this video for a full breakdown of the numbers and to learn how much you will need to save every month to reach your goal.
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Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.
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