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09-21-2012, 12:59 PM
  #304
Mike8
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Join Date: Jun 2002
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Quote:
Originally Posted by waffledave View Post
With inflation there is barely anything left, even at a modest 4.5%.
How is there barely anything left with a conservative yield of 4.5% after factoring inflation?


Quote:
Originally Posted by Jigger77 View Post
I guess it's not totally true but pretty darn close. Depends how long they work. Average salary in Canada is 46,000$ right now. To earn 1.3mil it would take 28 years at that wage.
Right, and 28 years is not long to work. Additionally, that average wage will increase significantly. So most Canadians will earn more than that amount over the course of their careers. Anyway, as mentioned, this is semantics.

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