Discover the incredible power of compound interest over time
Year | Age | Beginning Value | Annual Contribution | Investment Gain | Ending Value | Total Contributed | Total Gains |
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Everyone can retire a millionaire regardless of how much money you make, IF you do the following:
Starting at 35 vs. 25 can cost you millions. Time is your greatest asset!
Live below your means and create a gap between income and expenses.
Take what you save and invest it in a low cost broad index fund like SPY, VTSAX or your fund of choice monthly.
Don't go into debt. Debt works against the power of compound interest.
That's it! If you do these things you will retire a millionaire even if you never make more than $50,000 a year in your life!