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Investing $10 a day for 5 years. Here's what happens…

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Manage episode 433104043 series 1281827
Content provided by Mel H Abraham, CPA, CVA, ASA, Mel H Abraham, CPA, CVA, and ASA. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Mel H Abraham, CPA, CVA, ASA, Mel H Abraham, CPA, CVA, and ASA or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Ready to see the power of investing just $10 a day? You won't believe how it can add up over time!

In today's episode, I take you through the math to show you what happens when you invest a small amount consistently over 5, 20, 25 and even 30 years. I compare investing in VOO (an S&P 500 index fund) vs VTI (a total stock market fund) to demonstrate the growth potential. The numbers will blow your mind!

I also emphasize why getting in the wealth-building game is so important, no matter how much you can start with. Your investing behavior matters more than the amount of money. It's not about having a lot to invest, it's about putting your money to work for you.

Want to see how you can turn $10 a day into nearly $1 million over time? Check out the full episode now!

IN TODAY’S EPISODE, I DISCUSS:

  • How investing just $10 a day in an index fund over 30 years can grow to $847,000
  • Why your wealth-building behavior and getting started is more important than the amount you invest
  • Historical backtested returns of investing in VOO vs VTI index funds over 5 years

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ORDER MY NEW BOOK:

Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It!

The key to building the life you desire and deserve is to build your Money Machine—a powerful system designed to generate income that’s no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind.

Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how to build your money machine.

TAKE THE FINANCIAL FREEDOM QUIZ:

Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com

  continue reading

Chapters

1. Entrepreneur show for achieving financial liberation through behavior. (00:00:00)

2. Join the game of wealth creation now. (00:04:02)

3. Comparing investments over 5 years with VOO. (00:08:38)

4. Invest $10 a day for $850,000. (00:13:21)

5. Small daily investments lead to big returns. (00:14:03)

367 episodes

Artwork
iconShare
 
Manage episode 433104043 series 1281827
Content provided by Mel H Abraham, CPA, CVA, ASA, Mel H Abraham, CPA, CVA, and ASA. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Mel H Abraham, CPA, CVA, ASA, Mel H Abraham, CPA, CVA, and ASA or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Ready to see the power of investing just $10 a day? You won't believe how it can add up over time!

In today's episode, I take you through the math to show you what happens when you invest a small amount consistently over 5, 20, 25 and even 30 years. I compare investing in VOO (an S&P 500 index fund) vs VTI (a total stock market fund) to demonstrate the growth potential. The numbers will blow your mind!

I also emphasize why getting in the wealth-building game is so important, no matter how much you can start with. Your investing behavior matters more than the amount of money. It's not about having a lot to invest, it's about putting your money to work for you.

Want to see how you can turn $10 a day into nearly $1 million over time? Check out the full episode now!

IN TODAY’S EPISODE, I DISCUSS:

  • How investing just $10 a day in an index fund over 30 years can grow to $847,000
  • Why your wealth-building behavior and getting started is more important than the amount you invest
  • Historical backtested returns of investing in VOO vs VTI index funds over 5 years

RECOMMENDED EPISODES FOR YOU

If you liked this episode, you'll love these ones:

RECOMMENDED VIDEOS FOR YOU

If you liked this video, you'll love these ones:

ORDER MY NEW BOOK:

Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It!

The key to building the life you desire and deserve is to build your Money Machine—a powerful system designed to generate income that’s no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind.

Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how to build your money machine.

TAKE THE FINANCIAL FREEDOM QUIZ:

Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com

  continue reading

Chapters

1. Entrepreneur show for achieving financial liberation through behavior. (00:00:00)

2. Join the game of wealth creation now. (00:04:02)

3. Comparing investments over 5 years with VOO. (00:08:38)

4. Invest $10 a day for $850,000. (00:13:21)

5. Small daily investments lead to big returns. (00:14:03)

367 episodes

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