Go offline with the Player FM app!
Investing $10 a day for 5 years. Here's what happens…
Manage episode 433104043 series 1281827
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:
- My Money Planning Process to Achieve Your Goals
- How to Get the Right CPA & Why It Matters
- Demystifying Your Credit Score & Does It Matter
- What to Do Today to Pay Less Tax and Keep More Money
RECOMMENDED VIDEOS FOR YOU
If you liked this video, you'll love these ones:
- My Money Planning Process to Achieve Your Goals: https://youtu.be/Ip7kLKXNj2Y
- How to Get the Right CPA & Why It Matters: https://youtu.be/zj26Wwqe0bk
- Demystifying Your Credit Score & Does It Matter: https://youtu.be/emgKYPy6Quw
- What to Do Today to Pay Less Tax and Keep More Money: https://youtu.be/tZHKIgr_TIM
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
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
Manage episode 433104043 series 1281827
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:
- My Money Planning Process to Achieve Your Goals
- How to Get the Right CPA & Why It Matters
- Demystifying Your Credit Score & Does It Matter
- What to Do Today to Pay Less Tax and Keep More Money
RECOMMENDED VIDEOS FOR YOU
If you liked this video, you'll love these ones:
- My Money Planning Process to Achieve Your Goals: https://youtu.be/Ip7kLKXNj2Y
- How to Get the Right CPA & Why It Matters: https://youtu.be/zj26Wwqe0bk
- Demystifying Your Credit Score & Does It Matter: https://youtu.be/emgKYPy6Quw
- What to Do Today to Pay Less Tax and Keep More Money: https://youtu.be/tZHKIgr_TIM
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
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
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.