How $100 a Month Can Make You a Millionaire

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[logicalmisery]

40 years worth of inflation says that will buy you a nice used toyota

[dakshvora]

I don’t wanna retire a millionaire. I wanna live a millionaire. ✌🏻

[SeanSKZ]

Being a 'millionaire' in 50 years will not mean much with inflation

[MyFunSizeBudget]

My daughter is 17 and works at smoothie king. She saves 20% of her check and puts it in a hys. She also contributes 100 a month to a custodial ira. When you know better, you do better. Parents need to teach their kids early.

[PowerliftingCollege]

This is exactly why I buy my 10 year old son one share of VOO every month along with one or two shares of other growth stocks. By the time he is ready to buy his first house, I'm going to surprise him with his stock account that I've been accumulating for him for over 10 years.

[Raniyanhunter]

Acquiring stocks could appear simple, but choosing the right stock without a tested plan can be very difficult. My main barrier to growing my $210K portfolio, which I've been working on for a while, is the absence of well-defined entry and exit plans. Any guidance on this would be highly valued.

[istoOi]

With an annual compounded rate of 12.65% and 3% inflation and no taxes you end up with 364k

[MichaelJaw-hvuu]

Just starting out with investing, and I’m already coming across some mixed advice on asset allocation. People say ETFs and index funds are great for covering the market, but I’ve heard they can also include weaker stocks that might dilute returns. I’m aiming more for financial independence than just traditional retirement, so I’m wondering if I should be more selective or if I'm maybe overthinking it. Already made some rookie mistakes too, like selling during a recent dip, which led to unexpected capital gains taxes

[jonathankallberg-xw]

We’ve talked a lot about how the 2024 election might impact the markets. Has anyone made significant gains or losses in previous election years?

[sweetbean]

I've saved 20% of my income since I was 35. I retired a millionaire.
I taught my sons to do the same since they were getting an allowance. They are already millionaires.

[glenfordburrell]

The problem lies with the word "decent."

[kevinscheifele]

I am 46 and been putting in 700$ a month since I was 18. I have about $350k.

[Hoppy]

Those type of numbers always look great on paper.

[teisheemskerk]

Averaging a 12.5% return with no downsides for 40 years 🤔.
Makes a great clip but thats much easier said than done.

[SportsProFYP]

I’ve been doing $150-200 a week as a 19 year old going on 20 and it added up so fast I’m addicted to investing my money now!

[nedutchgirl]

Start from where you are age wise and have $100 automatically transferred monthly. You will not miss the money. You will be much better off when you retire.

[schnucksergio]

when i retire, i am almost dead, i dont need a million when i cant walk anymore.

[JS-hbnk]

This advice would have been far more beneficial than the calculus or algebra classes I took in high school. Teach financial literacy early on.

[NiNjAcAt]

Having a million dollars doesn't even get you a comfortable retirement now, imagine what it'll be in 40 years.

[JibberLang]

Been saving for retirement since my first job when I was 15 - I'm 34 now and will be retired within the next 13 years 🤟