Will investing $100 every month till you’re 65 make you a millionaire? Debatable. @GeorgeKamel
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Hello 👋 I’m Humphrey, I used to be a financial advisor, worked in gaming/tech, and started my own eCommerce business. I make practical, rational content on investing, personal finance, the news, and much more with a data-backed approach. My goal is to help you with financial literacy and creating wealth.
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Retirement 😂 like thats ever gonna happen
if you lock in it can
You’re right! Some people don’t have what it takes. You shouldn’t even try
@stocksxbondage spoken like a child whos never paid their cell phone bill
@@manavshahboisss470150 an hour is middle class. How much do you make?
@@jailoutafreecard4414 try your best to control your emotions 😂 it’s sarcasm. Obviously, no one with an ounce of self confidence would identify with what I said. Either be pathetic and give up on retirement entirely, or try.
I’m sure they gonna come up with software where you work from the grave.😅
Im investing 400 a week into s&p 500 wish I knew this when I was 21 im 28 now
😂
I started my kids retirement funds when they were in high school. They are in college now and already have $20,000 each. When they graduate, I am hoping they can put away at least $1000 per paycheck.
28 you are doing good! Keep it up!
I knew this was 16 but l just didn’t have the money until l was 24. It’s always better to start early but the most is important part is that you start
@@aaronquadd3019 24 is still plenty young! Good for you!
People don’t account for inflation though! A million today will not be the same as a million in 38 years. So people should aim for maybe 1.5 or even 2 million in 38 years. The fact whether it can be achieved or not is a different question 🙂
True, your inflation adjusted return is closer to 7% which is what most people recommend using as a rule of thumb.
Yup, agree with the above. You can use the inflation adjusted number. I would recommend doing that over trying to raise the target as it’s easier to deal with mentally.
8% is fairly accurate. The 30 year return for the S&P is around 10.5%. I think Humphrey’s 8% was already adjusted for inflation. So if you subtract inflation from the rate of return, the result (the numbers he presented us) are the amounts you would have when you retire at 65 in today’s dollars. If you don’t subtract inflation from the rate of return, the amounts are what you would have in future dollars.
We are only getting about 7% on our 401k
If your employer does a match, u already have made a 100% on that amount the moment its matched
Also, its tax free