This Article will shock you.
It isn’t just realistic. 100% of people have gotten rich from investing if they:
- Started investing early enough. That doesn’t need to mean starting at 16, after your first pay cheque, but that helps. People who start at 25, 30 or 35 can still achieve it, but it is better to start asap. You are never younger than you are today.
- Invest in good quality investment funds.
- Have reasonable spending habits.
- Never time the markets. Always be long-term.
- Be 90% in stocks and 10% in bonds when young, or even 100% in stocks. Increase bonds to 25%+ with age
- Avoiding all kinds of vices in excess. Drugs. Excessive alcohol. Gambling. Gold diggers if you are already high income.
- Have a middle-income or better. Together with good spending habits and compounded returns, you will get wealthy
One of the best stories I read a few years ago was this woman - a “mere” secretary in NYC who was worth $6m-$8m on her death bed:
Think she is an extreme case? Read the book below. It is quite normal.
The key thing is taking action and not procrastinating.
Compound interest. If you invest that money rather than save it, it will grow beyond just your contributions. Assuming an annual return of 7% (market average) that account would be worth $452,163 at retirement. Save more, say the max you can put in an IRA (currently $6,000 annually), and it will grow exponentially.
To get in touch about specialized solutions- Personal Investment Services - Adam Fayed
Some reading
- How to get rich investing
- Where are the 120,000+ billionaires?
- The gold digger and "JP Morgan's" CEO response
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