$500 for 30 years turns into $1.5 Million!<\/p>\n\n\n\n
$100 per month after 10 years (or $12,000 total) turns into $22,000.
in 20 years (at $100 per month, or $24,000) it turns into $91,000!<\/p>\n\n\n\n
The Billy story: At age 50, Billy has almost $1.5 million. At age 60, that grows to over $4.5 million.<\/p>\n\n\n\n David gets a great job at 29, and starts seriously investing when he’s 30 years old. He invests $10,000 a year. If he invests that until he is 50, he will never catch up to what Billy has. Even if he continued until he was 60!<\/p>\n\n\n\n Moral of the story: INVEST NOW! Want to do something really cool for a newborn baby? invest $5000 in a retirement account for them. That will grow to $1.5 million by age 50. 47% of all people have credit card debt – 48% of those make the minimum payment – Half DO pay it off!70% of those people who have credit card debt …<\/p>\n","protected":false},"author":1,"featured_media":150,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-148","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-show-notes"],"_links":{"self":[{"href":"https:\/\/moneylifeandcoffee.com\/index.php\/wp-json\/wp\/v2\/posts\/148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/moneylifeandcoffee.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moneylifeandcoffee.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moneylifeandcoffee.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/moneylifeandcoffee.com\/index.php\/wp-json\/wp\/v2\/comments?post=148"}],"version-history":[{"count":0,"href":"https:\/\/moneylifeandcoffee.com\/index.php\/wp-json\/wp\/v2\/posts\/148\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/moneylifeandcoffee.com\/index.php\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/moneylifeandcoffee.com\/index.php\/wp-json\/wp\/v2\/media?parent=148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moneylifeandcoffee.com\/index.php\/wp-json\/wp\/v2\/categories?post=148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moneylifeandcoffee.com\/index.php\/wp-json\/wp\/v2\/tags?post=148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/strong>At age 16, Billy gets a job. He saves and invests $5,000 per year in a retirement account. He does this for 10 years, until he is age 25, and then stops. His total contribution to his retirement account is $50,000. He doesn’t put ANYTHING else in that retirement account – Ever again.<\/p>\n\n\n\n
<\/p>\n\n\n\n![\"\"](\"https:\/\/www.moneylifeandcoffee.com\/wp-content\/uploads\/2021\/02\/Billy-investment.png\")
<\/figure>\n\n\n\n
$4.5 million at age 60.
This is not only life changing, but family tree changing. <\/p>\n","protected":false},"excerpt":{"rendered":"