If you assume 7% annual rate of return on that $230 billion, then 3 months “salary” would be a little over $4 billion.
That being said, as others have pointed out, the “3 months salary” guideline is just propaganda from DeBeers and no one in their right mind should ever spend that type of money on a piece of jewelry.
If you assume 7% annual rate of return on that $230 billion, then 3 months “salary” would be a little over $4 billion.
That being said, as others have pointed out, the “3 months salary” guideline is just propaganda from DeBeers and no one in their right mind should ever spend that type of money on a piece of jewelry.