Its called compounding interest rates. I learned about this in 8th grade, obviously someone didn't pay much attention in school lol. It might be 100 a week i don't remember exactly but it is possible, if you really want to know look it up yourself.
EDIT: Here you go.
Monthly Savings Required to Become a Millionare
Rate | 10 Years | 20 Years | 30 Years | 40 Years | 50 Years |
---|
10% | $4,882 | $1,317 | $442 | $158 | $58 |
8% | $5,466 | $1,698 | $671 | $286 | $126 |
6% | $6,102 | $2,164 | $996 | $502 | $264 |
4% | $6,791 | $2,726 | $1,441 | $846 | $524 |
2% | $7,535 | $3,392 | $2,030 | $1,362 | $971 |
0% | $8,333 | $4,166 | $2,778 | $2,083 | $1,667 |
The above chart does not take into account that interest rates increase based on the increase of the principle, meaning the more money you have saved, the higher your interest rate is going to be, the faster your money will grow.
Us healthcare is not badly broken. It is just poorly utilized.