My daughter has been sending me updates about a friend of her's that is getting married.
Lots, of talk about what she can't afford, but she keeps buying more and more for the wedding.
This morning my daughter sent me an email with the subject line;
"The wedding hasn't been paid for but they've booked the honeymoon to Ireland!!"
Then she went on to say,
"After meeting with the wedding planner the final tally for the wedding is under 40k so they decided with all the money they saved they're going to use it for the trip."
She suggest she had an eye roll when she heard that, I said on MMM terms that would be a facepunch!
I told my daughter if they had invested that $40k at just 7% for 30 years would be $324,660.
If they added just $6,500 each year it would be a cool $1,000,000 in 30 years.
I told my daughter when she was young, to just elope and I would give her a down payment on a house.
She did! It only lasted about 3 years, but all turned out well for her. I'm still pissed I put $3,500 in to his
IRA at the same time he was seeing another women. They had been going to counseling, but when she learned this through a friend of a friend, she was outa there!