Do THIS To Become a Millionaire
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First!
I hate this advice most people living in poor conditions won’t enjoy anything after 65.
5 bucks a day isn’t a lot but it also isn’t even accurate. It will come out to around 700k-800k. Graham highly overestimates the markets.
Ya so the advice shouldn’t be given out to help those people? You just like making everyone as miserable as yourself
I think ROTH is like a thing you just have on the side. Not something you dump half your salary into, more like something you put the money that you were left with that you have no idea what to do with.
Sometimes I may cancel a dinner date for whatever reason and move the money I would’ve spent on the food into something like a ROTH or a risk off portfolio.
Advice isn’t bad, but people can watch a short and take un-researched drastic actions with roth and their money and regret it later.
Then earn more and put 20 dollars?
more like $20 a day (i’m going off the ubs 2025 yearbook number 5.2%)
5%? Are you investing in CDs? It’s actually only $4 a day or $100 a month with a 10% return
@@dylanbly3468 10% real growth is unattainable… the average annual return of the s&p 500 is about 6.5% adjusted for inflation (real). look up the UBS global investment returns yearbook. im investing in the world instead of the current dominant player (even tho VT is still 60% US)
That’s $1825 a year, sadly a lot of people don’t have the money to be doing that.
Bro what? 😂
In 2017 the average income for US households AFTER federal and state taxes was $52,000 and now its more. If you can’t spare $1825, you have to reacquaint yourself with your spending.
Assuming you’re from the states and a legal alien because ROTH IRA is primarily for someone from the states with legal status.
@@TheEightListNearly 60% of Americans are living paycheck to paycheck. Both cost of living and insurance are fairly high. I pay almost 250 a month on medical/dental, about 3k a year, and I make 40-42k net a year and have no children. Try to be a little less condescending next time.
Also, yeah, the median income went up, but things are also way more expensive than they were in 2017?? the dollar lost 30% of its value since. @@TheEightList
@@dominiccarpino8768 I apologize if I offended you, didn’t mean to be a smartass, everyone’s situation is different.
I’m 22, and maxing out my roth 401k, plus an extra 6% match from my employer. (Their match is taxable) but still maxing it, and before I started this job I had a personal roth ira that now is at $17,000 🙂
The dollar has inflated 370% since 1980. Not only is there’s not much you can enjoy being 65 years old, if you are in your 20s now, 40 years in the future, who knows how much it will devalue.
Inflation is baked into market prices. Even if the currency inflates your portfolio should also grow along with it
You seem not to understand inflation. When the value of the currency declines, assets value increases because people are spending more to buy the same thing.
you still own shares in the company? it’s not like your putting away this fiat to take out 40 years from now. The value of the company/stock will be adjusted accordingly. Inflation only hurts you if you’re stockpiling cash… thats why people who put all their money in savings get screwed.
$5 a day = $1,825 per year. Why not $19 a day to hit the yearly limit
He’s just giving an example
Starting at what age?