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A Million Dollars Now Is Not What It Used to Be
The purchasing power of that money in the future will be non equivalent to what it is to day. Prices double about every 20 years. What a million dollars bought you 20 years ago, back at the turn of the century, is now two million to reach that. If we apply a like the four or five % rule, that's a forty thousand or 50 thousand dollar a year life style. But it's not at all what it was.
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