Easiest Path To Becoming A Millionaire
Investing early, often, and for the long run can be incredibly powerful! This video looks at 4 fictional characters - Scarlet, Penny, Tom and Calvin, each of whom have different saving and investing strategies. One is a saver, two are market timers and one is a consistent investor (sp500 index fund). The results of this experiment are quite fascinating! I also talk about some key learnings that you can apply to your own investing journeys. Enjoy!
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Link to the reddit post:
[https://www.reddit.com/r/financialind...](https://www.reddit.com/r/financialind...)
Link to the spreadsheet with the analysis:
[https://docs.google.com/spreadsheets/...](https://docs.google.com/spreadsheets/...)
Link to the data for the SP500 for the last 41 years:
[http://www.econ.yale.edu/~shiller/dat...](http://www.econ.yale.edu/~shiller/dat...)
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Little Book of Common Sense Investing by Jack Bogle: https://amzn.to/37NeWfb
Rich Dad Poor Dad by Robert Kiyosaki: https://amzn.to/3nQ4VDp
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The Millionaire Next Door by Thomas Stanley: https://amzn.to/2KPES0w
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ABOUT ME:
I want to share stories and lessons learned while first moving to America, planning my journey to financial literacy, and adopting best practices into my life. As an international, it was difficult to find relevant resources to understand the aspects of life that were different in a new country. This channel is a comfortable space to have those discussions and help each other out!
DISCLAIMER:
1. The advice provided in this video is for informational/entertainment purposes only. The creators take no responsibility for any actions or decisions you may take based on the contents of the video. Please consult a professional for strategies related to your specific needs.
2. All the numbers/information are presented as of the video filming date and may change by the time viewers end up watching the video.
DISCLOSURE:
Some of the links in this description are promotional links, meaning that I may receive a small commission when you sign up for these services at NO EXTRA COST TO YOU. Thanks for supporting me :)
#investing #compoundgrowth
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