Great advice. However, you'll need $2-4.5 million to retire upper middle class.
@juanchevere10 Says:
I'm sold. Let's do thiiiisssss!
Only difference is I'm 50 but I'm reeeady with my first $100.
@callicus2001 Says:
Then governments keep printing money slowly enough for in every 12 years half your monetary power...when you retire the 1M will worth 250 thousand of the time that you started saving.
@RyuuSteelix-k5m Says:
How would this look with mutual funds vs stock?
@dman8174 Says:
lol just ripping of what Dave Ramsey says
@jeffhutjens Says:
And in 40 years a million dollars will buy you a cheeseburger.
@NHPublishing Says:
I think the retirement age should be 50
@rajkumarverma8807 Says:
Inflation left the chat. 😢
@Bbb-ggb Says:
What a great mind
@aptorres01 Says:
Ponzy is real😂
@Pawn4God Says:
Did anyone actually do the math 😂
$4 a day
$4x365 = $1,460
$1,460x60 = $87,600
So in actuality, you’re not close to a millions dollars.
@michaellouietunay7933 Says:
Like him before. Hate him now bybselling his bitcoin.
@shaftuddin Says:
But what do you invest in? Give me the exact EFT!
@antonlevin1425 Says:
Just do not redeem
@Jimjam86 Says:
This is just called super annuation in Australia and its mandatory...
@francestesch4086 Says:
That’s your coffee out every day
@concussionmental Says:
Becoming a business owner , investing in assets and starting creating a reliable, consistent cash- flow is a way better advice.
@TideV2 Says:
This is completely false. At the end inflation, taxes, and fees will eat away the majority of your investment. The average person wont lose money by investing in the S&P but you wont become rich either. Reality is youll make just enough to beat inflation by .5-2% per year at the cost of locking up all your capital for 40 years. If you dont reinvest dividends you will actually lose money over the long term. Sure you may be a "millionaire" but is that a meaningful amount of money in 40 years? Ask an Indonesian and theyll tell you you can hardly afford groceries in the US if you exchanged 1 million Indonesian Rupiah for USD. Learn about real rate of return and time value of money. Educate yourself.
@funstuffonthenet5573 Says:
The problem is 1M wont be that much in the future. There will be so many millionaires at that time
@hematophria3295 Says:
I don't just want money. I want the ability to improve myself, to achieve anything I want, to have an everlasting impact on the world.
@fossilbox1991 Says:
He's right but 1 million dollars at 65 will have far less buying power than it did when you were 21.
@unknownme6934 Says:
Right there that's the biggest lie every rich people say to poor. You retire by 65 when death will be knocking at your door. Let me ask you a question why didn't try to become millionaire at 65? The best return on investment comes when you become self disciplined and invest in yourself and leveling up yourself.
@williambreeze2659 Says:
Powerful message!
@ChaseMyles Says:
You need to have a 10.3% annual return EVERY SINGLE YEAR to accumulate a 1,000,000 portfolio at 65, not an average of 10% gain on the investment.
@jim7953 Says:
Can you start now even if you have 55 or older, but with the bank crisis should you do the same
@CalumL-fr6lg Says:
Past results do not predict future performance. Duh. This is drivel.
@pavoutsinas Says:
Don't forget the part about sourcing the investment capital by partnering with FTX to shill their coins and business. lmao
@giogav1 Says:
wrong mathematics. It should be only 600000 and if you take into account the inflation... much less
@austinsworld2015 Says:
some markets are flat for decades. So this is not correct. Look at Japan. You would have almost nothing in 30 years.
@Xestra37490 Says:
A lie? If you don’t know where you put your investment, you’re just bleeding your money to the robbers.
@youlldonutin3313 Says:
Who wants to be a 65 year old millionaire? 🤣 Let's say 40 whilst i can still move without breaking hip... What i gotta do? 👀
@lulabros Says:
Who at his 21 years has the ability to save 100$ 😅
@pathwithin8856 Says:
Wow that was really crap 💩
@craigschofield1354 Says:
S&P 500 will give you that or VOO vanguard S&P which is the overall stock market
@dinosemr8141 Says:
💖❤️👍❤️💖
@MoneyStrategiesSOULutions Says:
Incorrect. Look at historical data, it is NOT 10% pure interest.
@TechOutAdam Says:
Will you guarantee that? What’s the compound interest of 0%? lol
@CJ-fl4em Says:
Not worth it grind hard while you young and become a millionaire in yo 20’s
@jbb8600 Says:
In 45 years $1m will be worth about $50,000 today lol
@TheViewUpHere Says:
This is patently incorrect, because this assumes the value of that dollar remains constant, which it does not. The US Dollar drops about 7% a year (Not CPI), in good times, 14-21% during downturns, or Plandemics, like the last 3 years.
If you do not get an interest rate over and above the rate of inflation, or The Hurdle Rate, you will never become a millionaire, that way.
@jorgemora9538 Says:
Where do I invest
@mairead354 Says:
NICE!! 🤓📝🤑
@Peeceee Says:
Too bad $1M cant buy you anything nowadays, even less when you retire
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