Set Up for $10 Million By Age 30! | AGGRESSIVE INVESTING

Описание: So if someone came up to you and said, “Hey, my goal is to have 10 million dollars by the time I’m 65.” You would probably be thinking in your head, oh that’s cool, but that’s probably never going to happen unless you work in a profession that pays huge salaries. In this video, we are going to break down this huge goal into a much smaller more attainable goal, so that by the time you are 65, you can have 10 million dollars. Let’s get into it.

Resolute Capital -   / resolute_capital  
Connor King -   / connortking  
Banks Nash -   / banksnash  

THIS VIDEO IS FOR ENTERTAINMENT PURPOSES ONLY, YOU SHOULD ALWAYS CONSULT WITH A PROFESSIONAL FINANCIAL ADVISOR BEFORE MAKING ANY DECISIONS WITH YOUR MONEY.

If you're excited about having $10M, please give this video a thumbs up and subscribe to our channel because we post two videos just like this one every week. This video is for entertainment purposed only and you should always consult with a professional financial advisor before making any decisions with your money.

So to start things off, this is a huge amount of money we are talking about, and there are many routes you could take to achieve this goal and some are probably easier than others. This method we are going to show you is ideal for someone in their early 20’s and who is okay with living like a college student their first 7 or 8 years of their career. So say you start working at age 23, you need to set a goal for yourself to invest $2,600 every month until age 30. If you do this, you will be investing $31,200 a year, but only for 7 years. If you can do this, by age 30 you would have about $314,000 in your investment account. Once you get $314,000 in your investment account, you could stop investing completely and then at age 65 you would have $10,263,908 in your account. This is if you invested your money into the S&P 500 index which on average 10% annually which is a pretty conservative investment. If this is an unrealistic number for you, just adjust your timeline and amount to something that is doable for your current stage of life.

In this example, you will still have to factor in inflation and depending on the account you do it through you may have to pay taxes on the earnings as well. Now the reason why we broke it down like this is to make the goal a lot smaller and to show you the power of compound interest. Obviously for most people it would be pretty hard to invest $2,600 a month and it is really only possible if you are making a pretty descent salary from the get go, if you have very little expenses, and if you just love making sacrifices. Making big goals smaller can really help motivate you to achieve them and sometimes it is the only thing to do for goals that seem so unattainable

There is still a lot of other variables out there that will depend on the situation you are in, but for the person that is watching this who has just graduated from college, has a really decent job, maybe single and isn’t trying to impress anyone, then I hope this is inspiring to you and motivates you to make the most of the situation you are blessed to be in so that you can have a great impact on the world and be outrageously generous.

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