How To Turn $5 Into a $1 MILLION DOLLARS!
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Yup, the math adds up, the problem is the people want instant gratification, and the coffe gives them that. Most people dont have the discipline to invest 5 dollars a day or 150 per month.
I just did a recurring buy into XRP 10 dollas a day
The math doesnt work out. 150/month, 40 years, 7%, compounded monthly, . . . Is 400k. Not even close, still a good amount though
the math of the video is not 100 x 100 accurate but is not totally off as well cause if u invest 150 monthly in 50 yeasr u will have 800k without accounting for inflation of 2-3 x100 but if u dont consider inflation and u add the money u make besides the 150 u invest every month then u will likely have that kind of money and maybe u can have it in even less time depending on how much money u make and save , obv then wehy investing only 150 dollars if u save way more but i think the point he was making is that even if u invest as much as 5 dollars a day cause u dont want to expose much of ur savings to investments then u can very well make that kind of money.obv there is some speculation about the context of the video but it’s a reel so u kinda have to do it or go watch the full video wich i dont really feel like.
The clip may have been edited weird idk. I mean he definitely could be wrong. But his numbers are more accurate if you assume s&p 500 average % instead. For 40 to 50 years. Its actually quite a bit more.
It isn’t an editing issue, you can literally see his lips say the words.
He didn’t say 50 years, he said 30-40, I was already being generous with 40.
He didn’t say sp500, he said 7%
This is just a bad take. W/e he’ll say something different another time
That’s not even close. 364k after 40 years.
Did you compound the equation? At 7 percent your intial investment doubles every 10 years according to the rule of 72. 1825 at 7 percent interest turns into 3650 in 10 years at 7 percent interest. In 20 years 1825 turns into 7300 in 20 years, then 14,600 in 30 years. 29,200 in 40 years. That is from one year of investing with a compounded 7 percent interest. Keep repeating every year without touching it and you can get a million dollars plus if you live that long and don’t touch it, and there is no downturn.
In 40 years a dollar will be worth nothing at this rate
That’s when you take it to another country
Investment: $73k
Gains: ~$300k
Sum: ~$375k being generous
Meanwhile the dollar is losing its value and you didn’t even accumulate a half million. In 40 years that will be enough to buy a new Honda!
And with that kind of thinking enjoy your 400k debt fueled Honda. So stupid
We average around a 2.3% inflation rate. Assuming 3%. Honda in 40 years should be around +160-200% current sales. Possibly higher as regulations continue to grow unchecked. And technically demands. But not vastly more than that.
A new civic base should cost somewhere around 62.4k to 72k. That 400k doesn’t sound to bad actually. Its better than having zero.
Stop trying to take people’s hope away just because you lost yours and you have no idea what your doing and talking about.
Then invest 40$ everyday instead
Idk. I think half a million max. Enough to buy a Honda Civic in 40 years.
Math is way off, and who’s to say you live 40 more years anyway?
if u dont live 40 years and for ex die tomorrow then u wont regret it anyway cause u know ur dead, not investing because of the reason u stated is not a sound logic, u have to think about a good scenaro for the future or u might as well not work, not learn anything new or nothing u can think of cause what does it all matters if u die tomorrow?
if he die at 40
Just relise ur next vid lil bro
On 10% average returns? I don’t think so bud. How are you a popular YouTuber saying things like this? You’ll be lucky if it gets to 200k doing that after 30-40 years. Especially not happening in 30 years.
It would take 52 years and 9 months, investing $5 a day, to get to 1 million. So your maths are wrong somewhere