Saturday, January 23, 2016

How to make 100,000 dollars in 5 min

Making money make money is not nearly as difficult as it's made out to be.  This is because a of a magical little secret called compounding interest. Let's look at a simple example.
  • Does this sound a little too easy?
  • It's really not. This is based off of only 7% annual interest. The stock market and most low risk investments make around 10-13% per year.
  • I use 7% because it's really a worst case scenario and very conservative. Even with 7%, getting to 100k is relatively easy.
  • The reason this works is due to the compounding effect of interest.
  • So at 7% interest and contributing 100$ a paycheck, you easily get to 100k in 25.5 years.
  • So let's get started.

  • My #1 recommendation is to start with a big reputable company like Schwab, Fidelity, or USAA.
  • If you're in the military, use the Thrift Savings Plan.

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Tony D.


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