Afford Anything cover image

Ask Paula: How Much Should We Spend on a Wedding?

Afford Anything

00:00

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.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app