: “cmon dad that’s 28,800$ how’s that gonna do anything?” Dad: “let me show you something” Dad: (smokes crack)
@chetmanly55416 ай бұрын
About pissed myself at this comment lol
@putinisgay41756 ай бұрын
It works if he has 28,800 in the account at the age of 22 and plans to retire at 65. The interest after 43 years comes out to 1.9 million.
@ConradEdmonds6 ай бұрын
😂😂😂😂😂
@charleslavoie54026 ай бұрын
Top
@milkman458286 ай бұрын
I just smoked meth and the math works out
@jgrowland246 ай бұрын
Jokes on you. $1.8 million won't buy a gallon of milk in the year 2100.
@thehangman366 ай бұрын
You're right! With inflation and the potential changes in the economy, $1.8 million might not have the same purchasing power in the year 2100. Who knows what the price of a gallon of milk will be by then? It might become a luxury item or be replaced by some futuristic alternative like "hover-milk." We can only imagine!
@NjoyMoney6 ай бұрын
@@thehangman36 No he's wrong, its called supply and demand, if no one is willing to buy milk at 1,8million, it will not cost 1,8million regardless of inflation.
@davidquinn93536 ай бұрын
Interest compounds as well
@Painfullbob6 ай бұрын
He won't even make it till 2100 😂😅
@efwefwerrrrr6 ай бұрын
He is selling for dumb people
@tommymiddlefinger12835 ай бұрын
A decade ago I had nothing but $20,800. I got a great haircut, a great tan and a nice suit. I had surgery to enhance my jawline and altered my voice box to give me a commanding voice. I made $3M the next year selling seminars convincing people I knew what I was talking about.
@gianthills5 ай бұрын
Wtf?
@jackdoelol23945 ай бұрын
Bruh can u expand on your story more k would love to hear it
@gianthills5 ай бұрын
@@jackdoelol2394 he is talking about tony robbins
@abcdetheridge5 ай бұрын
I think he's making fun of the dude in the video and describing him
@DanielDiaz-ru6uz5 ай бұрын
😂 good one.
@GeometricPidgeon5 ай бұрын
We need to bring back basic math literacy.
@matthewm92614 ай бұрын
Someone inform this guy about divorce and job loss
@thelearningentrepreneur3 ай бұрын
@matthewm9261 A large percentage of divorces occur because of financial problems. With a proper emergency fund in place, and not borrowing money, job loss isn't a problem. At least not a long term problem.
@matthewm92613 ай бұрын
@thelearningentrepreneur typical American can't handle a 500 dollar emergency. What percent of americans do you think have a 6-12 month emergency fund. This isn't the 50s. Nobody adresses the shrinking middle class/ standard of living
@SomeUserNameBlahBlah3 ай бұрын
This is finance, more than basic math.
@thelearningentrepreneur3 ай бұрын
@SomeUserNameBlahBlah The vast majority of personal finance is at most 3rd grade level. With addition, subtraction, multiplication and division, you can do all of most peoples personal finances and taxes. Which part of finance are people doing that doesn't fall into that 3rd grade math category?
@TheBitcoinExperience6 ай бұрын
The math ain't mathing on this one 😂😂😂
@NjoyMoney6 ай бұрын
Learn to count, its so cringe when wannabees like you start running their mouth.
@J040PL76 ай бұрын
He's doing 300 per month for 8 years and leaving it there until he retires, the final value isn't for the 8 years 😂
@zeinnaja6 ай бұрын
$20k compounding for 40 years at 8% = $434,490.43
@J040PL76 ай бұрын
@@zeinnaja crazy that when you change to 13% which is what the normal average is, it jumps to 3.9m 🤣 300 a month for 40 years at 13%
@kylemcdade8436 ай бұрын
@@J040PL7I don't think 13% is the average return. Where are you getting this?
@Armando123836 ай бұрын
Inflation: Am I a joke to you ?
@user-jt8xw6fd1v6 ай бұрын
It takes 48 years to reach 1.8 million, so he's way off. However, if inflation is only 2% per year, this means that the 1.8 million will still buy as much stuff as 900,000 does today.
@bloozism6 ай бұрын
@@user-jt8xw6fd1vinflation was like 10 percent last year Bro
@corriveau216 ай бұрын
@@user-jt8xw6fd1v you forget the taxes
@user-jt8xw6fd1v6 ай бұрын
@@bloozism Yes, but hopefully the average measured over those 48 years will be no more than 2%.
@spark55586 ай бұрын
@@bloozism More
@guynoir596827 күн бұрын
If i took out $300 a month I couldn't pay my mortgage, property tax, homeowner's insurance, heating bill, electric bill, cell phone bill and automotive insurance.
@portlandGTR18 күн бұрын
If you have a mortgage at 18 years old you somehow cracked the code. This is 18-26 years old he is speaking about. Also, there are months I can only spare $20 and I still put it in my portfolio. Consistency is what matters.
@Ryzon2817 күн бұрын
@@portlandGTRsome only hear what they want to make an excuse…. I also heard $30 a month would be 180k not as much BUT it’s better than turning off
@user-qm5se9kf7r12 күн бұрын
Yeah it’s serious bulllshit
@mattc170712 күн бұрын
That’s assuming a constant growth, no crash … also the market gains are lower than what he said it’s averaging 5-7% / year… and with wars around the world is more volatile .. I understand he’s talking about compounding interest but 1.8 million is not enough to “comfortably retire anymore “ in America … that’s what’s sad, and who knows what the future will hold in 40-60 more years when for most of us the retirement time comes
@Boganok7 күн бұрын
Broke
@SoDavey2745 ай бұрын
It's odd that he thinks we can't find a compound interest calculator on the Internet, put in these numbers, and find out that in 30 years his kid will have $290,000.
@northcountrywoodcraftny59535 ай бұрын
And inflation across the past 100 years has been 6% on average so he'd make 2% compounded on 28.8k so with inflation the sum is far lower. The only way to get rich is to generate value through tremendous work and suffering and get a team to do it with you, for years with nothing to show for it and eventually it sticks but it takes the average person 10 years of 100 hour work weeks to get there. That's what it takes, I know alot of very wealthy people and all they do is work and network all day every day untill they die
@gotnoname39565 ай бұрын
@@northcountrywoodcraftny59536% average inflation is wrong. 1900 until today was roughly 3% percent p.a.
@fortifiedgaming29915 ай бұрын
@@northcountrywoodcraftny5953average inflation has been more like 3.6-3.8 percent but the premise is the same
@user-p6-35615 ай бұрын
@@northcountrywoodcraftny5953 interesting
@ShaRpar.5 ай бұрын
Bro after he put like 3 times 300 dollars, so this year his earnings is going to be 8 percent of 900 dollars, so that is the way it compounds, im shock that youre so dumb, because you make 10 percent on the final holdings and not the sum you put up
@eats4cheaps3056 ай бұрын
Comes out to around $300k after 30 years with 8% annually. 40 years, around $700k. It takes 55 years at that rate. And that's if you get 8%, which you won't.
@nelsonreau38426 ай бұрын
You are missing compounding. Stay broke.
@inflationstation16 ай бұрын
@@nelsonreau3842No; you’re missing math lessons.
@devinkipp43446 ай бұрын
@nelsonreau3842 literally just plug it into an investment calculator, not hard
@devinkipp43446 ай бұрын
@@Gr8goatsby what? Lmao what does that have to do with anything
@blackquiver6 ай бұрын
Bug put it into what..?. Can't put it into a bank..?.. where the hell do u out it..?.
@NeuroDrags6 ай бұрын
Man needs some water
@alisquared37306 ай бұрын
And a calculator
@user-ge5pg9wi1z6 ай бұрын
He needs some milk
@MrKHarris6 ай бұрын
this MF Voice is ashy. He need lotion for this throat.
@gilbertalvarado9516 ай бұрын
😂😂😂😂😂😂😂😂😂😂😂😂😂
@MissingWilson6 ай бұрын
Lmfao
@leemcfarland47695 ай бұрын
You would need to save $1500 monthly for 8 years to have $1.8million in 35 years.
@Kingfalconeye4 ай бұрын
HE IS SAYING IF U PUT 28k IN THE MARKEY
@MrBeame4 ай бұрын
@Kingfalconeye Yeah throw it in the Markey! Day trading is gambling. Financial advisors don't beat index funds after their fees. Index funds do grow more than inflation but not by that much. This guy's numbers are off by a factor of 10 and he is full of shit.
@dg95764 ай бұрын
It's Called compounding
@benjaminparkes78834 ай бұрын
Still incorrect. If you do 28,800*1.08^30. No where near 1.8million. This is bullshit
@timmy101able28 күн бұрын
Even with the compounding it comes out to around $480k.
@krisherbst61625 ай бұрын
Homie just figured out what a 401k is
@GSpareBurner6 ай бұрын
Bro’s burps probably sound like a tuba
@chrismills32456 ай бұрын
😂😂😂
@nickm88746 ай бұрын
But his farts are surprisingly high pitched
@clutchbleach20576 ай бұрын
It's because he's spewed so much bs in his life his voice is going out 😂
@carlosescudero98456 ай бұрын
💀
@montev46 ай бұрын
@@nickm8874 His farts probably sound like a damn ship horn
@TheGlueMill6 ай бұрын
Tony Robbins’ voice sounds like it’s being altered for witness protection in an Unsolved Mysteries episode.
@ImRise6 ай бұрын
Im dead
@thewhitefox8696 ай бұрын
😂😂😂😂
@airdre16 ай бұрын
😂😂😂
@stoneyp37486 ай бұрын
Holyshit 😂😂😂
@primalcam8126 ай бұрын
That Was A Diabolical Roast 😂🫱
@daddyprimetime94555 ай бұрын
Inflation be like: I'm also in that 8-10% range
@jsebby22845 ай бұрын
Inflation averages 2-3% per year
@davedeboy57265 ай бұрын
by the time he retires he'll need 5 million with inflation.
@sloshywhale91686 ай бұрын
He's winning an argument against an imaginary opponent
@bovinehamster5 ай бұрын
and yet still losing on the maths
@Galatzo5 ай бұрын
I imagine a traumatized Neil Degrasse Tyson
@sloshywhale91685 ай бұрын
@@Galatzo Neil was finally shook 😂
@ChawkoSnap5 ай бұрын
HAHAHA
@TheRealPrairieDogs6 ай бұрын
Batman villains are giving financial advice now I see...
@Lobos2226 ай бұрын
Not far from the truth actually. This guy is known scammer.
@MickyInsegnami6 ай бұрын
You made my day
@michjj94285 ай бұрын
The sad part? If you are between the age of 25-35, 2 million dollars of retirement won’t even be enough to retire off of when you are 65. Imagine the United States cost of living in 2060 it will be a fucking joke.
@aaronloossonaaronloosjr.86305 ай бұрын
Basically the lesson here is that having a rich dad is the best way to invest
@furikakez6 ай бұрын
I did the calculations (yearly compounded) If you invest 300 per month in 8 years you get roughly 40k. In order for those 40k to grow up to 1.8M, you’ll need to hold them 50 more years. Assuming the son is about 20 years old, he’ll enjoy those 1.8M when he is 78 years old. But if he keep investing 300 per month, he’ll have 1.8M at 68.
@RODNEYSGARDENINGADVENTURES6 ай бұрын
You have to add the 8% compounded interest to the total for every year to have the math correct
@furikakez6 ай бұрын
@@RODNEYSGARDENINGADVENTURES I didn’t do it manually. I just used a couple of compound interest calculator online with the same results. And yes you need to add the 8% of the total to be called compounded interest.
@AGMI96 ай бұрын
thats not accounting for inflation an $1.8m being the same as like $200k in todays money, my parents bought a house for $40k now houses in my state are on average $1m
@slamwham66826 ай бұрын
Death at 52,lol
@gtcam7236 ай бұрын
@@RODNEYSGARDENINGADVENTURESeven that doesn’t save it.
@konradjordan48506 ай бұрын
It’s little bit over 40k after 8 years
@angryjelly4076 ай бұрын
Roth IRA no taxable investment wheel
@bitlifeoniphone71256 ай бұрын
Same just checked
@NirDavidovitz6 ай бұрын
If you compound wrong thats true xd
@NjoyMoney6 ай бұрын
You didnt understand the video, he says if you invest straight for 8 years, what you will have will compound into 1.8million without additional investments.
@konradjordan48506 ай бұрын
I don’t know what is the full story behind this video but they way I see it is $300 x 98= $28,800 8% compound every 12 months (It’s 0,6% a month) £40,728.31 future investment value It doesn’t matter Roth IRA or ISA Numbers don’t lie, people certainly do! If everything was that easy everyone would be a millionaire.
@StCDUB5 ай бұрын
I've been doing 250 on stocks last year and 100 a month for the 5 years on the 401 K... It's a start.
@robertbeucler55815 ай бұрын
Keep it up bud! Something is way way better than nothing. Try scaling it small amounts every 6 months until you hit a target amount
@bobbyc280815 ай бұрын
401k is a scam, go Roth IRA and save the taxes
@JL-fx8ci5 ай бұрын
Why do we even have to go through that. We spend our entire lives working just to spend 10-20 years living on the edge because death is next!!!
@davidkahn24615 ай бұрын
You are right but being broke or financially unsafe is worse than what you said
@SMfins13236 ай бұрын
I put $160 per week. 4 times a month. My 401k ain't doing shit.
@seraphina22936 ай бұрын
Which funds did you invest it in?
@nickyos86406 ай бұрын
Market has been sideways for some time, you should typically have some returns better then the past couple years. But it should be doing alright right now if you've bought indexes or a portfolio balanced between sectors.
@thebois326 ай бұрын
@maxterminhow do you just invest in the market. Co
@dorjiphalam6 ай бұрын
401k is a scam lol
@lukee93606 ай бұрын
@@dorjiphalamOkay, brokie.
@zackz12605 ай бұрын
it’s been said before but 19-27 he invests 300 a month totaling 28,80. this roughly equates to 40,000 total at the end of 8 years. in order to get to 1.8 million he would need 50 additional years from the age of 27. so yes if you invest like that and then retire without ever touching it you can get 1.8 million…..and then die in 2 years with 1.7 million
@IzzyFX0075 ай бұрын
yeah you do no effort and waste no money. With that small sum you can leave your kids something at least.
@thecooldolphin4705 ай бұрын
how much monthly would get him to 1.8 mil if he invest for 8 years?
@PagamiStzo5 ай бұрын
@@thecooldolphin47012k at least
@Jbig14305 ай бұрын
Actually if you invest in a stock like say like Altria(MO) which has a current dividend yield of 9.26% assuming it keeps this same level reinvesting dividends and adjusting account balance to market growth you will have $175,178 in account value with a quarterly dividend of $4,055. But if you do this for 16 years you will have an account value of $1,586,364 with a quarterly dividend of $36,724. So by 35 years old you would be making $144,000 per year and if you get married and file joint you only pay taxes on about $20,000 of that money. Now if you use Realty Income(O) with a yield of 5.26% but it pays out monthly so after 8 years without market adjustment you will have about $233,848 in account balance and if you wait 13 years then you make $1,292,435 total balance with a monthly dividend of $21,809 which is $261,708 per year. So starting at 19 with 300 a month you will be retired by 35 the latest. If your parents was smart and put money to an investment account each birthday you would be retiring in your mid 20's.
@jakesmith24615 ай бұрын
@@thecooldolphin470 If you invest $1425/mo for 8 years you'll have a bit over $180k, and then hold it for another 30 years @ 8% you end up with a little over $1.8M.
@Citystead5 ай бұрын
Hard to trust a generation who only have 45% of them ready to retire.
@G0DIS15 ай бұрын
It's only gonna get worse though😢😅
@dyzze96965 ай бұрын
Also forgot to say not to get married, have kids, own a car, own/rent a house, don’t get sick, or have dental work. Life works for some people if they’re lucky
@EarlsPearls5 ай бұрын
So Tony is a moron but his math isn't so far off. If you invest $300/m from 18-26 then stop and leave it all invested assuming a 8% linear gain from 18-65 the $28,800 you invested would be $900,133. His math is incorrect but the general advise isn't. Let's say more realistic you do $100/check so $200 a month but do it from 18-65 never increasing it. From 18-65 you put in $112,800 and assuming the same 8% gain thats $1,242,475. The principal of invest early and a small amount will make you rich is correct. Even just $20/week from 18-65 which for 99% of people is doable is you putting in $49,068 and its worth $540,477. Compound interest is how the rich gets rich.
@TobbeDraws5 ай бұрын
@@EarlsPearlsif that was the case, they would all "get rich" at 50-65 y/o at best
@tomkamphuis5 ай бұрын
Devaluatie of money wil be the end of our freedom
@EarlsPearls5 ай бұрын
@@TobbeDraws He said "at retirement". I think he worded this terribly and his math was off by nearly 2x but the basics are still there
@LoLaSn5 ай бұрын
@@EarlsPearls Who would want to be "rich" when they're old? Oh great, I can barely move without assistance but I have all this money to do what I like now
@TJSpike6 ай бұрын
For anyone wondering thats about 40k after 8 years. You would have to do this for 48 years at 8% every year, only.putting in 300 a month
@eXCee6 ай бұрын
The 8 years is how long hes putting in money, not how long its invested for.
@TJSpike6 ай бұрын
@eXCee ya I know, I understand that. 300 a month for 8 years, at an 8% aswell only comes out to 40k by the end. Compound interest doesn't run up as much as he is saying. Do that math bub
@eXCee6 ай бұрын
@@TJSpike I don't need to know the math to know it's gonna be over 40k after like 30 years, not as much as he says, but certainly more than 40k
@scipio7646 ай бұрын
I did the math. It came down to near 300k. Not really set for life as he's claimed. @eXCee
@whatnowok6 ай бұрын
Can you say that again. Explain because the math doesn’t add up. Where do I put the money I save every month in a savings account account that earns less then 1%. Detail be specific
@harveylapid88626 ай бұрын
That’s a strong ass jaw
@Peelz3156 ай бұрын
I didn’t know asses had jaws
@esjaywoods76875 ай бұрын
Bruh went from “for life” to “when you retire”!!! Your son is right
@MrNick-ic8rt5 ай бұрын
In order to make that 28k compounding work, you'd need to keep it running for 54 straight years, in order to achieve 1.8M$ at an average of 8% yearly If it were 10% it'd be still 43yrs
@EarlsPearls5 ай бұрын
So Tony is a moron but his math isn't so far off. If you invest $300/m from 18-26 then stop and leave it all invested assuming a 8% linear gain from 18-65 the $28,800 you invested would be $900,133. His math is incorrect but the general advise isn't. Let's say more realistic you do $100/check so $200 a month but do it from 18-65 never increasing it. From 18-65 you put in $112,800 and assuming the same 8% gain thats $1,242,475. The principal of invest early and a small amount will make you rich is correct. Even just $20/week from 18-65 which for 99% of people is doable is you putting in $49,068 and its worth $540,477. Compound interest is how the rich gets rich.
@mannymets56875 ай бұрын
Has anyone even seen a 20 year span of time in which the market does not crash? There Is no way that it always works. Timing is everything. Perhaps if you go all in once the market crashes...
@GrapplingIgnorance6 ай бұрын
I can't speak for everyone, but I know that $300 per month was a LOT more valuable to me at age 20 than $1.8 million will be when I'm 68.
@quandary13826 ай бұрын
Most 20 year olds if they work full time and are living at home (which most are) then they can easily spare 300 dollars. If you live to your means throughout your life you will never accumulate any meaningful wealth.
@MichaelKlippi6 ай бұрын
24yrs old and 300 a month is/isn’t a lot to me, I own my house and property (31.5acres}(don’t owe anyone money for any of it) & where I live my property taxes are low. My water bill only comes every 3 months and same with garbage. But I have a wife, 3yr old, & one on the way do any day now. Like I’m sure I could change my money management and put away $300 a month. I’m a union welder at $19hr but after my 90days it goes to $21.75hr But I need every cent right now, so the questions I have are like what kind of savings do I choose? CD? Roth? the regular rate savings my bank offers? I just don’t know where/what to do. We are both debt free, I want to keep it that way
@CATASTROPHEBEATS6 ай бұрын
@@MichaelKlippiopen an rrsp or margin acct and invest $35/wk into the S&P 500. Never touch it, let it compound for 30-40yrs
@commonknowledge31936 ай бұрын
@michaelklippi these are the types of questions you should ask a financial advisor to get personalized financial advice. Robbins was referring to in index fund (collection of stocks representing the overall market; passively managed will typically get you the best return on average) when he mentioned “10%” which experts say is not a realistic number to expect in the future as it is theoretically impossible for the market to sustain 10% growth forever (experts predict the market will grow 5-7% on average during our lifetimes, but no one knows for sure). These are “buy and hold” investments that you don’t look at day to day and don’t consider selling until you are at retirement age (ideally done through a traditional or Roth IRA for tax savings) and are not liquid. If you have extra cash laying around you can always invest that in stocks (or an index fund) but you’re exposing yourself to more risk if you need to sell in the short-term as they can dip day to day. If you’re trying to invest spare cash that you would like readily access to, there are other options to consider that provide fixed rates of return that would counteract inflation. But again, this is a very nuanced question and heavily depends on your situation and financial goals so I recommend you talk to an expert to get the advice tailored for you.
@mattthebeast96666 ай бұрын
Definitely not lol. 1.8 million is payed retirement while 300 bucks a month is more eating out or clothes which is not important
@xjd83756 ай бұрын
Im 60 and still living my life and I’ll continue doing it with responsibility! It’s called LIFE for a reason! 😁🙏🏻
@saikawa20246 ай бұрын
Who asked?
@JiggerjoggernoHGer6 ай бұрын
On hood
@detailkings31916 ай бұрын
You are correct.
@trumptookthevaccine16796 ай бұрын
What is the reason?
@gren787456 ай бұрын
60, in dog years?
@The_journeyy5 ай бұрын
Incredible 😁
@benmitchell34066 ай бұрын
This is the advice my grandparents would give. "Save 4 grand, invest it and then retire!"
@coffeedonutsandhomer6535 ай бұрын
If they invested in Berk A in the 1960’s that might work.
@jsebby22845 ай бұрын
Sounds like smart grandparents
@benmitchell34065 ай бұрын
@@jsebby2284 in the 50s maybe
@jsebby22845 ай бұрын
@@benmitchell3406 and in the present
@chetjackson52445 ай бұрын
did you follow their advice?
@babavoss52466 ай бұрын
Excuse me sir, $300 invested every month for 30 years at an 8% return will get you roughly $422,565 after the 30th year. 😂
@spidermonkey0846 ай бұрын
That sounds allot more like it lol
@CROengineer6 ай бұрын
he didnt say he will have 1.8 after 30 years he said for the past 30 years the market grew by 10% a year, his son was 19 he said especially if i dont even add any money after 27. its around 1.1 million though i think still great money
@justinsmith20826 ай бұрын
Yep. That's a close number.
@2much4skin6 ай бұрын
the fact u didn't get that, I bet you will be poor forever.
@xxMalakeixx6 ай бұрын
Depends on the compound interest scheme
@jasoonmo20 күн бұрын
Just so everyone knows, you could also just invest the same total at that age (28,000 lump sum) and you'd be fully on track with the investment projection. You do not have to stop at a monthly amount either, you can add in other lump sum payments at any time. The principle is simple, the bigger the amount, and the earlier you can get it in there, the more time compound interest has to work. If you look at projections, most of the growth is in the final tenth of the maturity of the investment, so if you can cut the time by 1 or 2 tenths , you get to that massive growth exponentially faster as well.
@bendrummond39096 ай бұрын
this guy sounds like steve-o talking while exhaling nitrous
@DoIoannToKnow6 ай бұрын
by the time I get to retirement age (I'll be working until the day I die probably) 1.8 million dollars might just be enough to scrape by for a few years. Glory to God because this world is a joke
@JoshGordonTheFisherman5 ай бұрын
for people wondering with compound intrest at 8 percent it comes out to 39k after the first 8 years with investing 300 a month, if you stop investing with that 39 k at retirment age it will end up at around 600-700 thousand. not a million, and thats at 8 percent.
@gianthills5 ай бұрын
So just put 300 bucks monthly into what kind of stock?
@MollyLucyMaryJ5 ай бұрын
I started investing during the pandemic. Over about 2 years, I've put in about 17k. I've gone up 33%, and my portfolio is at about 22k. At first, i wasn't very motivated. it's hard to keep going when your account only moves a dollar or 2 a day. But it's so fun watching your portfolio move hundreds of dollars a day and actually receiving dividends. Whenever i see that i just imagine it when its 10x and moving thousands a day.
@I_like_turtles_675 ай бұрын
Dont check your balance every day. I am in my forties. It will grow. Just keep adding money every week. Every month. Every quarter. Every year. Every decade. You will have a much better time in retirement than those who didn't save/invest.
@justkillintime10275 ай бұрын
Do you just open up a new bank account or do u have to save in something else
@MollyLucyMaryJ5 ай бұрын
@danlyons4602 That's exactly what I plan on doing.
@MollyLucyMaryJ5 ай бұрын
@justkillintime1027 No, you open up an investment portfolio with a brokerage like robinhood. Then you dollar cost average(do what the other comment says). Just buy index funds and pick a few good individual stocks don't put all your eggs in one basket. Do that for 30 years, and you'll retire a millionaire even with a shit job. Or you could just open an ira and max it out every year. Or do both.
@justkillintime10275 ай бұрын
@@MollyLucyMaryJ im not sure what ur saying. never heard these things, but if u dont mind do u have discord i can send mine out. im not sure how to contact u through yt like this lol
@DarthJarJarBinks_6 ай бұрын
This guy could each a cheeseburger in one bite.
@Sizzleator6 ай бұрын
Its "eat" spelling is not for you my friend.
@happyhour67666 ай бұрын
he ate peter in an early episode of family guy
@hughmungus_6986 ай бұрын
Every time I see Tony Robbins I always expect him to start speaking like Quagmire, like literally every time! “Giggidy”😂
@DevinTheDivine5 ай бұрын
I invested $300 in 2018, now in 2024, its worth over $1,000. Keep investing!
@shegalshajan75064 ай бұрын
Where did u invest
@TomJJ3726 күн бұрын
I took this video to the bank , I didn't even need to explain anything to him. The second the video finished, the Bank Manager wrote me a cheque for $28,800.
@user-ip2bw8hf2q6 ай бұрын
I’m 34 now. My biggest regret is waiting until now to start investing. I was concerned with partying and consuming in my 20’s. Boy am I paying for it now….
@goldhawk4206 ай бұрын
I wish I knew about investing at a younger age,I started at 35 im 38 now,but honestly you still have plenty of time to make alot of money,as long as you stay in the market and consistently keep investing that's all that matters and you'll be fine.
@Gdl200616 ай бұрын
Wow I got to learn from you thanks for sharing
@cjsmith83196 ай бұрын
Didn’t get my first credit card until 29. Didn’t invest in a single stock until I was 29. Didn’t make my first IRA contribution until I was 30. People learn at different rates. I too was living the party life in my 20s. You enjoyed life and there’s nothing wrong with that. Good thing is you acknowledged it was time to start investing!
@coldhands28026 ай бұрын
I'm in the same position but until fairly recently most ppl couldn't or had no idea how to invest.. now we can do it on our phones.. you used to have to call some random jerk, with no info and give them your money.
@donaldlockhart38636 ай бұрын
Man that seems like probably a quite a bit of dis that I’m guilty of it. But finally found the way lol
@wesley_snipes6 ай бұрын
Stevo if he worked in finance😂
@silminawaz38255 ай бұрын
Looks like he compounded at 8% a month instead of annually! 😂😂😂
@tomahawkjo857425 күн бұрын
Dad didn't plan for "bidenomics"!
@Killacam19926 ай бұрын
$300 per month at 8% annual yield for 8 years comes out to around $40k. Let’s say he’s 18 and does this for 8 years he’s now 26. Typical retirement age is 65 which means he’d have to hold that $40k in his brokerage account for 39 years. $40k at 8% annual yield after 39 years is still only about $805k. Now if he were to hold that same $40k til he was 75 it would come out to $1.7mil. Either way the math ain’t mathin lol.
@troyajohnson266 ай бұрын
was just about to comment the same thing.
@Killacam19926 ай бұрын
@@troyajohnson26 lol yea I mean Tony still has a good point but I mean cmon man you can’t just say stuff like that and get the math completely wrong haha.
@torkjoy16 ай бұрын
Then, you cash out your earnings. Now, you get ripped off by the IRS for about 1/2 of your earnings
@jsebby22845 ай бұрын
@@torkjoy1not with a Roth
@jsebby22845 ай бұрын
I mean - you kind just explained that the math is mathing lol. Just a few year difference
@TheRealBoomTown6 ай бұрын
Come on Tony… you would have $43,854 over 8 years at 10%. At 8%, you would have $40,161. Come on now!
@ikbenignace5 ай бұрын
You miss 1 point, when you're 18, and you do this for 8 years, you have indeed around 40k, but he is talking about when the son retires, he still has 39 (retirement at the age of 65) years left to gain without adding money. AT 8% that will be 880K, still not 1.8M, but at 10% you do.
@BWater-yq3jx5 ай бұрын
He's wrong, but so are you.
@ikbenignace5 ай бұрын
@@BWater-yq3jx explain, don't say that people are wrong if you don't even explain... I'm pretty sure though since I calculated
@guythe52415 ай бұрын
@@ikbenignaceyou have to compound at every year, so if after the year you gain the 8-10%, the following year you will make 8-10% of that new now bigger number you got last year and this keeps going every single year
@shueher15 ай бұрын
Youll be lucky to get 2% with Sleepy Joe
@mathews7495 ай бұрын
Yup this works great if you can afford to do that while having a life. And when I say having a life, I don’t mean one of luxury.. I mean one where you have a car, apartment/mortgage payment and food. After taxes, $300 a month is a stretch. His son can do it because he’s got a rich dad, but when you come back to reality it hits different.
@jsebby22845 ай бұрын
Good thing most people can do that
@jsports00135 ай бұрын
The people that say these things never actually experienced them. Their dads told them this back when you could buy a house for less than a months salary. So ya it would make sense that their money skyrocketed.
@jsebby22845 ай бұрын
You could never buy a house for less than a months salary lol. Where do you people come up with this shit?
@johnnyquest95195 ай бұрын
This only works, if nothing ever goes wrong in your life
@jsebby22845 ай бұрын
Not true at all
@johnnyquest95195 ай бұрын
@@jsebby2284 k
@ecpcrowe5 ай бұрын
It doesn't even work when everything always goes right in your life.
@johnnyquest95195 ай бұрын
@@ecpcrowe facts
@iComplainer5 ай бұрын
@@jsebby2284yeah, it doesnt even work then either.
@yungslits61456 ай бұрын
It went over ya’ll heads. After 8 years, he’ll have invested $28,800 and if he didnt invest anymore after that he would be 27 years old and then by the time he RETIRES that $28,800 will have grown and compounded to $1.8M assuming he averages an 8% return every year. Just after 10 years its already $62,000. Still got 30 more years to compound.
@zveryok16 ай бұрын
And after 40, it's still not even close to 1.8 million. It's only about 625k. Learn some basic math, people. It's not that hard.
@BenzFrank6 ай бұрын
wrong
@paintball1306 ай бұрын
the math is completely wrong. Look up "compound interest calculator" on google and put in all the numbers he just said... its nowhere near 1.8mil
@JohnAlexanderramboparyjrthe3rd5 ай бұрын
I put 100k straight into a high performance ETF with Vanguard and got back 1500 after 2 years . I really can’t see this being true .
@jsebby22845 ай бұрын
It's over time man
@JohnAlexanderramboparyjrthe3rd5 ай бұрын
@@jsebby2284 of course bro but at 8% I should of gotten over 17k on the first 2 years but it’s not just a liner thing that goes up perfectly , it’s like waves on the beach , so there’s no chance of turning $20,800 I to 1.8m passively.
@jsebby22845 ай бұрын
@@JohnAlexanderramboparyjrthe3rdexactly, that's my point. It's not a straight line guaranteed every year type of thing. It's an average over time. So no, you shouldn't have gotten that much. There is though. It just takes time
@JohnAlexanderramboparyjrthe3rd5 ай бұрын
@@jsebby2284 I’m saying in his example I should of gotten back 17 in the first 2 years, you’re a dumbass that will go giving people advice when you’ll be broke your entire life 😆
@coltonreece54053 ай бұрын
I’ve been putting in $500 every two weeks for 5 years now. Since July of 2019. I’m at $81,000. And that’s with zero fees and zero costs. I thought with compound interest, I’d have closer to $200k😢
@OPTexas6 ай бұрын
I wish these people would show this in real life
@Jb-qn2xz5 ай бұрын
They can't.... It is bull💩 and they are just talking out of their ass
@jsebby22845 ай бұрын
@@Jb-qn2xzit's not bullshit and he's not talking out of his ass though
@jsebby22845 ай бұрын
How do you want him to do that lol
@OPTexas5 ай бұрын
@@jsebby2284 I’d want to see real papers showing himself or anyone that’s doing this for years the growth.
@padstowphantom6 ай бұрын
I tried to get my 18 year old nephew to save his first $10k and invest in a low fee indexed fund, and add $100 to it every month. He bought a car instead.
@IdRatherBeDiving-vr5gk6 ай бұрын
Yeah, that's reasonable. Just about every 18 year old would do the same if they had to choose between a car now or a half million dollars 40 years from now.
@Gh0stParty5 ай бұрын
He might have invested it into a liability... but at least he invested it :v
@padstowphantom5 ай бұрын
@@Gh0stParty I got the full rundown of his new car when I saw him at Christmas. He's pretty happy about it too, bless him 😄
@matthewmchenry93315 ай бұрын
Smart man, now he can drive to a higher paying job and a wife.
@Jbig14305 ай бұрын
@@IdRatherBeDiving-vr5gk It doesn't take 40 years if you are buying stocks that are paying dividends. If you are only buying growth stocks then yes it will take that long.
@anon_ymous9119 күн бұрын
1.8 million dollars when you retire will get you a single bed apartment. What they fail to mention is the extreme inflation of goods over that time.
@Mesena27736 ай бұрын
Wtf...i had to check myself. "DID MATH CHANGE AGAIN"?? 😂😂
@maciejkoodziejczyk85596 ай бұрын
If you invest $3,600 per year for 10 years and let it compound for 50 years, you will have $1 million with an 8% interest rate. If you invest for 20 years, you will have $1.7 million. Probably the best thing to do is to excel in something that allows you to live comfortably and have spare money to invest. This will set up your future and your children's future for sure
@Mike_4026 ай бұрын
?????
@maciejkoodziejczyk85596 ай бұрын
@@Mike_402 you can't read?
@maddragon87386 ай бұрын
My kid gonna struggle like I did we will call it character building program he can figure it out with some help from me but I’m not doing handout when I die unless it’s to my wife.
@gefiltafish21876 ай бұрын
Known fallacy. Who says you invest when it’s low, rather than a high peak? Who says market always goes up? Especially when economy shrinks due to massive drop in growth rate. If you invested in June 2001 . You would not even get a net break even , until 2010. And let’s be human about it, anyone with big investments watching markets crash will pull his money out . Usually? At the worst possible moment.
@maddragon87386 ай бұрын
@@amrufy544 well I wasn’t loved as a child but I can tell you this when I die whatever I’ve made throughout my life if I die first goes to my wife if I die second it all goes to a specific spot of my choosing. By the way I’ll take care of mines how I see fit I don’t need some random getting ass hurt because when I die I won’t give all to my kids.
@JayCord283224 күн бұрын
He pays in $150 per paycheck (paid biweekly). He would get paid 26 times a year. Every year, he earns 8% on the money he invests. After 8 years of doing this, he stops investing and sits on the investment account. During this time, he earns 8% on it every year. If done this way by the time he is 75, he will have 1.8 million.
@ericr1545 ай бұрын
Why does dude look like Frankensteins monster when he was still alive.
@RickVasquez-qf3eb6 ай бұрын
Bro yawns and starts a black hole
@Eclipzee6 ай бұрын
As someone who invests and about to hit $1M in total assets, this is bullshit.
@CalvinCandieMO6 ай бұрын
Cap
@Eclipzee6 ай бұрын
@@CalvinCandieMO never that buddy, get your money up
@Praderaaa6 ай бұрын
People who make a million won’t post it on yt for validation lmao
@CalvinCandieMO6 ай бұрын
@@Eclipzee I have more money than I will ever need, keep projecting and lying on the internet you clown 😂
@bertooo13586 ай бұрын
@@Praderaaamy dad can beat up your dad
@TommyCombs-gm9cm22 күн бұрын
Boy the banks gonna take that bread one way or another 😂😂😂
@ravenclaw72654 күн бұрын
That man has the most intimidating jawline I have ever heard jaw at me.
@MireSeVini5 ай бұрын
Looking at a dot gov compound interest calculator, 20,800 at 8% annually for 40 years comes out to 450k. For 30 years, 200k. When adjusted for inflation, even less. But still a lot more than what you put in initially. Better advice would be to have multiple sources for retirement such as an IRA, HSA, 401k and index funds. The first three being taxed advantaged (taken out of your paycheck pre-tax)
@markmalone31766 ай бұрын
No one gets 8% year compounded for 30 years straight. There are crashes my man!! Inflation over 30 years also. Inflation is at 7 or 8% currently.. make no mistake about it. You can tell the real Inflation rate by the price of bread milk and coffee.
@unitedfan67226 ай бұрын
it does average around 8-10% including crashes… conservative would be 6% to be safe. Even with inflation, your money is still better off in a Roth Ira compared to cash or a traditional savings
@NjoyMoney6 ай бұрын
You are wrong, the average 8% per year takes into account crashes, so a year youll have 20% and another one youll have -10% wich still is 8% on average and when the prices crashed youll be able to buy much more wiith the same 300usd.
@J040PL76 ай бұрын
8% in Conservative, if you know what you're doing, you can do 12-24%
@philbeckett32546 ай бұрын
Yep you are quite wrong mate. But its okay do some reading and you will do just fine.
@markmalone31766 ай бұрын
@@philbeckett3254 the tone of this message suggests you are speaking from a higher horse. I promise you I'm doing just fine and on the way to purchasing my second property. Compound interest is money you must lock away and which most people just can't do. Inflation is over 8% for good amd services and if you look at countries like Argentina, the dollar and euro are going to follow suit. When you have fiat currency backed by nothing hyper inflation is a guarantee. Don't come on here billy big balls when you most likely have less assets than what I have sitting in my current account
@originalstudios_4 ай бұрын
"be set for life" - 1.8 million after retiring. That's still 40 years more of working.
@abherbitter19 күн бұрын
The catch is you just can't retire until you're 80.
@TheReaper69966 ай бұрын
He forgot the part where the economy isn’t always growing and most times it’s flat or diving
@dhlehrenlos6 ай бұрын
Yeah you are out of luck if you need to take money out of your retirement account when markets are low. But you can kind of time that and remove some money early and put it into safer investments like treasury bonds if you are scared of a drop like we had with covid. Also the general market trend has been on the up all the time, because that's how capitalism works. If it were ever to crash then only a farm house and guns will provide for your retirement and your finances become worthless 😂
@jayosorio83246 ай бұрын
There are ways to hedge against market downs, people don’t realize straight investing is more complex than investing in just your 401k.
@jsebby22846 ай бұрын
No he didnt
@Hoffman27506 ай бұрын
For those who don’t know this is Tony Robbins
@julianwld60145 ай бұрын
Inflation left the chat
@Glitch00105 ай бұрын
This dude looks like John Cena playing Lex Luthor.
@LateNightZythix6 ай бұрын
1.8 million ain't worth as much now as it was when his dad was doing this.
@jsebby22845 ай бұрын
And?
@MCNiiCKsoSiiCK6 ай бұрын
My dad told me this, wish I listened to him, starting now at age 31 so better than not doing it at all
@detectivepigeon59386 ай бұрын
Math is all wrong, won't get you much.....
@BenzFrank6 ай бұрын
this guy is wrong and so is dad :(
@jsebby22845 ай бұрын
@@detectivepigeon5938yes it will lol
@coffeedonutsandhomer6535 ай бұрын
The stock market is there for the financial institutions benefit…not the retail investor/Main Street investor. SEC can’t even get a hand on naked shorting or Failure to Delivers. Bad plays by institutions are bundled together and traded between players so,they never become due.
@nickzhaosun5 ай бұрын
I did the math adding $3600 every January and adding 8% growth for 8 years. Then added 8% every year for 22 more years(30 total) before any taxes of any kind You're at roughly $225k
@themonster98795 ай бұрын
Because it doesn’t work that way, there’s a formula you can look up that solves this pretty easy. I believe it’s called a compounding annuity for the first 8 years then just a compounding balance after the fact. Compound interest and simple interest are completely different. Cash flows don’t work as expected.
@nickzhaosun5 ай бұрын
@@themonster9879 I'd like to understand your point a little better. Are you suggesting what he said in the video is or at least may be correct? I'm trying to understand how he got to 1.8 million.
@EarlsPearls5 ай бұрын
So Tony is a moron but his math isn't so far off. If you invest $300/m from 18-26 then stop and leave it all invested assuming a 8% linear gain from 18-65 the $28,800 you invested would be $900,133. His math is incorrect but the general advise isn't. Let's say more realistic you do $100/check so $200 a month but do it from 18-65 never increasing it. From 18-65 you put in $112,800 and assuming the same 8% gain thats $1,242,475. The principal of invest early and a small amount will make you rich is correct. Even just $20/week from 18-65 which for 99% of people is doable is you putting in $49,068 and its worth $540,477. Compound interest is how the rich gets rich.
@themonster98795 ай бұрын
@@nickzhaosun it’s hard to know exactly what the answer (time wise) would be depending on the type of compounding that is taking place. You would need to know exactly what system he is using to get close to the answer he got, but you can’t just take payments per year times 8% because that is simple interest. They would be compounding per month or by weekly, you could even compound continuously, each of which all change the answer. Let’s just call it monthly which will be the slowest of the 3 mentioned. In the first year you would think you would end at ~$3800 but it’s actually about $4000. And by the end of the 8 years you would have ~40k not 31k after interest. 9 years after that your 40k without adding extra money would already have doubled. 58 years after you started investing you would be over 1.8million. So while it does sound dumb to have 1.8million at age 77, technically would get you to where you would have a good amount of money, making around $15k a year from interest/returns 30 years after you started investing. But then again who would stop investing money after 8 years, if you continued the 300 a month for the same amount of time it would be over 4 million.
@themonster98795 ай бұрын
@@nickzhaosun it keeps deleting my comment, but if you do the math after 8 years the 28,800 is worth 40k add nine years of no annuity it’s 80k. After 58 total years including the years with the annuity it’s 1.8 million. After 30 years from the start you would be making over 15k a year just off of interest. This math is based off of monthly compounding interest. To get the same time frame you would would have to know what type of compounding interest he was using. Daily weekly, bi weekly, monthly or even continuously. The longer the interval the slower it will compound, at smaller principal the difference is less but when you get to 250k it will make a huge difference.
@xyop6 ай бұрын
For those wondering: the math is (if youre getting 8% interest per year) 28800×1.08^number of years. Over 50 years of 8% interest, you end up with about 1.35m
@kerrykalls77326 ай бұрын
Tony is worth at least 700 million AND EARNS annually 80 million. His son doesn't need to invest anything
@NickWonder15 ай бұрын
You don't give your children money. They don't learn to generate wealth that way. So they end up broke and their kids grow up homeless. He knows this. So he makes his son invest, to learn how money works. It's smart. Hopefully his son will learn and teach his children.
@mikevachon87525 ай бұрын
@@NickWonder1 You cant use that money when you die so might as well give it you your kids.
@simonramirez24320 күн бұрын
300$ a month is an entire hill and if anyone could save that much before something broke again home or on the car it would be easy
@Oirentals22 күн бұрын
Here is how the math breaks down: $28,800 saved up in 8 years put it aside In 8 years when you have the 28k put it in a compound interest account earning 10% This is based on 52 weeks a year $150 per paycheck per week so total investment is at $650 per month roughly. Do that for 30 years and you will have $1.834 M
@jsebby22845 ай бұрын
For everyone wondering - yes - his math is a little off. But the overall point still stands. To get his numbers - you would have to invest from age 18-26, and then retire at 76
@harrislam5 ай бұрын
He's not only a little off on the math, he's also making it sound like a it's a big deal when it isn't. During the years you are putting in the money, those would be great returns. When you stop, it actual grows very little because of inflation. From your numbers for example, the money will be the most worthwhile when the person is 26 years old but slowly levels off after. Not completely, but by 76, that 1.8 mil is gonna be the buying power of like barely 80K now.
@Yattayatta5 ай бұрын
@@harrislam at 76 with the average inflatino the US had the last 40 years, it'll be worth 900.000 in todays buying power. Logic must've left the building, Average growth per year 10% Average inflation per year 2% How do you figure the value goes down?
@ahuramazda9805 ай бұрын
The math is way off and doesn't account for inflation.
@jsebby22845 ай бұрын
@@harrislam he's a little off. You would have to retire in your 70s as opposed to late 60s. The % returns don't change when you stop. And the gains outweigh inflation by a wide margin. No it won't lol. And so what's your plan - save/invest nothing and work until you literally die?
@jsebby22845 ай бұрын
@@ahuramazda980 it's not way off. You would have to retire in your 70s as opposed to late 60s. Yes - it doesn't account for inflation - although he did use a more conservative number which would cover some of the inflation. What's your point? His advice still stands. And what's your plan then - save/invest nothing and work until you literally die because inflation exists?
@jamesong85126 ай бұрын
Someone did told me that if you put 1 million in the bank you don't have to work when you get the fixed interest back
@elcolson786 ай бұрын
1 million is gonna get you maybe 20K a year, IF you put it in a higher-yield savings account
@badhabit37376 ай бұрын
@@elcolson78 Wrong.!! You can buy a CD right now at 5.3% a year fixed. That's over 50k a year in intrest.
@jessewhite22266 ай бұрын
How did you get that number @@elcolson78?
@EricSmyth4Christ6 ай бұрын
@@elcolson7850k But its taxed also
@rhyswilliams489321 күн бұрын
This is how pension funds sell themselves... then they collapsed and left nothing.
@noodledajuice11146 ай бұрын
Even if it was true. The tax would destroy that number
@jeanrichardsonbernard45966 ай бұрын
Not in a tax sheltered account.
@brushlessmicrot6 ай бұрын
Use a Roth IRA and it doesn’t. The worry is inflation.
@oldlefty12676 ай бұрын
You could put at least $6500 per year into a Roth IRA and not pay any tax at retirement.
@benfrazier83856 ай бұрын
Inflation in the back ground saying: Is this your king 👑 😂😂😂😂
@Stone_6245 ай бұрын
Inflation is a monetary policy phenomenon. Without the Federal Reserve and Central Banks screwing up the Global Financial System Inflation wouldn't exist.
@jsebby22845 ай бұрын
The gains will outpaced inflation
@Stone_6245 ай бұрын
@@jsebby2284 That's not the point though. The point is that $1.8 Million then will be worth the equivalent of $200,000 now. Sure it's a gain, But in REAL terms it's a 10X gain, Not a 65X gain, and that's significant.
@jsebby22845 ай бұрын
@Stone_624 eh - more like roughly 900K-1mil based on historical inflation rates. Plus he was conservative with his 8% number so that almost counts for all the inflation. So actually probably closer to 1.5mil
@MrZBurke3 ай бұрын
This guitar soundtrack makes him believable
@successfulusername21 күн бұрын
People will spend 20 years contributing 6% with a 6% match (12%) directly into the market and still not retire. And I’d still trust this guy over ItsKevin and Graham Stephan.
@durandavidduran84096 ай бұрын
Fact check. $766K is all it'll amount to. $28,800 initial, $300 per month contribution, 8% annual return, for 30 years. $766,845.
@bigdaddyrichard756 ай бұрын
dumb question but what are you putting it into
@markbernhardt62816 ай бұрын
Where does the 30 years come from? Is Tony Robbin's son 45?
@devinkipp43446 ай бұрын
@@markbernhardt6281 average retirement
@GUNNER67akaKelt6 ай бұрын
So, you'd rather *not have* $766k then?
@IdRatherBeDiving-vr5gk6 ай бұрын
@@markbernhardt6281 In his story he suggested the guy was 27 years old and had $28,800 saved at that point. If this amount is making 8% annually for 38 years (i.e. until the guy is 65) it would be at around $500k. The rate of return and the number of years will affect that result, but it would take a rate of 11.5% for 38 years to get to $1.8 million.
@Aku1128116 ай бұрын
If you invest at 18 years old at $300 at 8% untill your 67 (retirement age currently). That is 49 years, you’ll have about 2.2 million. Averages out to 45k a year over that time. By then it will be the year 2072. So who knows what will happen until then.
@justadude752522 күн бұрын
Like 40 years ago a a house was like expensive too and people had to get money, but the money back then is worth nothing today, a million dollars wont be much when you retire, and remember its for years you should live of it, and there is usually the only income, which means a million is not much
@ZackSmakMBL19 күн бұрын
Compound interest is what makes a saver rich but if the market crashes you loses all your money
@howardthealien76047 ай бұрын
I don’t understand how u go from 28,000 to almost 2 million dis probably a scam to sell u something
@Uvarosade4527 ай бұрын
Compound Interest. Google it
@toobadproductions46587 ай бұрын
Did the math at most lik 100k
@TehNiCoLaS6 ай бұрын
5k at 21 to 2mil at 60 never touching it
@NjoyMoney6 ай бұрын
@@toobadproductions4658 THen you suck at math.
@darrenfarrell6 ай бұрын
@@TehNiCoLaS 5k down, 0 monthly, 39 years, 8% annually, you'll get just over 100k. You'll need +-78 years to get to 2mil with 5k but by then you'll be 99 years old so i doubt that's happening
@seadonkey69136 ай бұрын
I put in 15% of my income in every years since I was 20. I followed Dave Ramsey advice. Never had a loan except a mortgage at 50% LTV, paid off at the age of 25. I have no debt, my home is worth 9 times what I bought it at. I can retire whenever I want but I figured since I have a pension I’ll go another 16 years and let my children have what’s left so they can have a good life.
@jairesemccoy97796 ай бұрын
Maybe I'll do the same.
@qedwards6 ай бұрын
I follow Dave too & it’s been 1 of the smartest things I’ve don’t for my finances ever. Dave’s plan will work for anyone…if they’ll follow it & stop trying to find a bigger, faster way & take the sure fire route. It’s not hard at all once you commit to it.
@sean6586 ай бұрын
Honest question - how much of that retirement calc has the payed off home as NW
@seadonkey69136 ай бұрын
@@sean658 none of my retirement paid off my home. I never had credit card or car loans etc. when I was younger I had a full time job with overtime and then on the side I worked another job. Now I’m in my 40’s and if I needed to I could just work at a fast food restaurant to make ends meet.
@trumptookthevaccine16796 ай бұрын
Ok
@_crib_20 күн бұрын
What he’s not really mentioning here is that the money is in there for decades and decades and decades. The kid is not retiring eight years after putting the money
@Cursed4LF23 күн бұрын
Lg(1.800/28,8) / lg (1,08) = 53,73 years. After 30 years you got only 290.000 and not 1.8 million. You need nearly 54 years to get to the 1.8.million. I am disappointed Robbins😢