If you invest in the S&P 500, your money will double approximately every 7 years, or 10 years if you adjust for inflation.
If you invest $7k (max IRA contribution) at the beginning of every year (makes math easier) and get 7% (conservative, inflation adjusted return) from age 25, you’ll have $1.2M by 65, and you only invested $280k. That’s over 4x growth! If you have $200k and don’t add to it, you’ll have $3M inflation adjusted dollars after 40 years.
Investing isn’t infinite, but if you’re consistent, you’ll inevitably become wealthy.
If you invest in the S&P 500, your money will double approximately every 7 years, or 10 years if you adjust for inflation.
If you invest $7k (max IRA contribution) at the beginning of every year (makes math easier) and get 7% (conservative, inflation adjusted return) from age 25, you’ll have $1.2M by 65, and you only invested $280k. That’s over 4x growth! If you have $200k and don’t add to it, you’ll have $3M inflation adjusted dollars after 40 years.
Investing isn’t infinite, but if you’re consistent, you’ll inevitably become wealthy.