Yeah, I also know a goat farmer in my neighborhood.
In the same 10 years, she faced an expensive lawsuit from someone who wanted her land, an epidemic that destroyed her herd, animals dying from people feeding them the wrong plants through the fence, Covid forcing her to close the farm to visitors, and other hardships.
She’s barely out of the woods now, but definitely much worse off than if she had invested the money into stocks.
Yup, stocks are almost zero effort and have an expected return of 10-12% long term. Everything else is a job and is dependent on how good you are at managing it.
If you invest in the S&P 500, your money will double approximately every 7 years, or 10 years if you adjust for inflation.
If you invest $7k (max IRA contribution) at the beginning of every year (makes math easier) and get 7% (conservative, inflation adjusted return) from age 25, you’ll have $1.2M by 65, and you only invested $280k. That’s over 4x growth! If you have $200k and don’t add to it, you’ll have $3M inflation adjusted dollars after 40 years.
Investing isn’t infinite, but if you’re consistent, you’ll inevitably become wealthy.
Yeah, I also know a goat farmer in my neighborhood.
In the same 10 years, she faced an expensive lawsuit from someone who wanted her land, an epidemic that destroyed her herd, animals dying from people feeding them the wrong plants through the fence, Covid forcing her to close the farm to visitors, and other hardships.
She’s barely out of the woods now, but definitely much worse off than if she had invested the money into stocks.
Yup, stocks are almost zero effort and have an expected return of 10-12% long term. Everything else is a job and is dependent on how good you are at managing it.
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If you invest in the S&P 500, your money will double approximately every 7 years, or 10 years if you adjust for inflation.
If you invest $7k (max IRA contribution) at the beginning of every year (makes math easier) and get 7% (conservative, inflation adjusted return) from age 25, you’ll have $1.2M by 65, and you only invested $280k. That’s over 4x growth! If you have $200k and don’t add to it, you’ll have $3M inflation adjusted dollars after 40 years.
Investing isn’t infinite, but if you’re consistent, you’ll inevitably become wealthy.