How To Become A Millionaire On A Modest Income

I love running numbers for people. I'm not a financial advisor, just a numbers guy. Please keep your requests to the simple format: 1. Beginning balance 2. Monthly contribution 3. Monthly increase if you want one. 4. Length of run. I'm getting more and more requests so please be patient. If you don't see your numbers being run in a video, please resubmit.

#investing
#S&P 500
#$MillionMadeEasy

Jim

[neojeeoh]

I see a busy excel thumbnail and I click! 🤑

[cpt.cornelius]

Can you run these numbers for me please? - $560 Per month DCA into S&P500 based on historical performance and see what that comes out to after 20, 25, 30, 35, and 40 years?

Also theres some data for monthly perfomance of BTC for 10 years of performance and I was wondering if you could show me DCA of $130 per month into BTC should look like for 10 years?

[omicron]

In real world, you are forgetting that in just 30 years, the inflation will eat up over 53.75% on $1. Meaning everything will cost 53.75% more in just 30 years. In 40 years, you are losing 68.3% to inflation. There are also taxes to consider. The number one expense to be considered should be cost of government.

[therealalexmullins]

So basically become a millionaire by the end of your life while having no spending money to enjoy your life when you're capable. I guess that's good for some but that seems like a pretty miserable life for most especially when 50k per year is barely livable in most cities today

[doejohn]

just asking, any plan to share that excel document? 😁

[outdoortherapy]

why select year 1941 when we are in 2024?