How Much Should You Really Be Spending on Beauty Products?
Four women hand over their salon statements and Sephora receipts to our expert analysts to find out whether their beauty spending fits their budgets
"For example, suppose she invested $5,000 in the simplest passive buy and hold portfolio of 60 percent U.S. stocks and 40 percent bonds," Matthews continues. "According to Vanguard, this has returned 8.9 percent annually over the period from 1926 to 2013. If we project this return forward over the next 40 years, she would end up with approximately $1.8 million for retirement."
Matthews concedes that investing in your appearance can lead to higher earnings. "There are studies that show the better you look, the [greater] chance you have of getting the job and earning a higher income. But there's no guarantee that spending that kind of money is going to land you the job. It's really more about striking that balance, and investing in your future is still investing in yourself."
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