I know that I've posted on this before, but I've been thinking about money. Really, maybe this post isn't so much about money, but it is about not being able to see. We did the post on counting a while back, which my nephew enjoyed quite a bit. I would suggest that if you want one of my better posts, then go back and see this one on counting before you come here. CLICK HERE.
Now, about investing.
1. If you invest in the S&P 500, you should be able to get roughly 11% return per year.
2. If you put $200 per month into this fund starting at 20 years of age
3. You will have $173,000 by the time you are 40
4. You will have $315,000 by the time you are 45
3. You will have $1,000,000,000 by the time you are 55
4. You will have $2,000,000 by the time you are 61.
5. You will have $3,000,000 by the time you are 65.
Use this investment calculator.
Anybody with a college degree can figure out, with some amount of hardship, how to save $200 per month.
Yet, nobody does.
If people can't see this obvious fact, why are surprised when people can't see why to invest for eternity?