Invest $100,000 Today, Become A Millionaire in 30 Years
Does the average person know it’s this simple to retire wealthy?
Planning for retirement is tricky.
As a personal finance enthusiast, sometimes I get too into the weeds. And sometimes, that’s warranted. Diversified investments, variable returns, macroeconomic factors… the complexity is real.
And by the way, I could go on and on. There are so many factors to consider — and a million ways to slice and dice the data.
But when you break it down, it can be pretty simple. Rudimentary. I’m talking about a simple, single sentence…
“Invest X amount, expect X return in X period.”
Surely, everyone can understand this. No problem. But how does this concept come to life in practice?
Well…here’s the thing.
When asked what amount of money is an adequate retirement nest egg, most people will cite over $1,000,000.
That’s a fair statement, but can seem entirely out of reach to the average person. So instead of worrying about an abstract, seemingly impossible goal of seven figures — I recommend thinking about it differently.
