Become a Millionaire on $36,000 Salary
Getting Rich With Little Dough
It is said that compound interest is the eighth wonder of the world. It can also make you rich. In this video I show the math on how someone earning $36,000/annually can become a tax-free millionaire by setting a few simple habits into place.
This isn't for everyone though, you truly have to want it. You have to build up the discipline to be able to think long-term and plan accordingly. Although this shouldn't be your only asset. You should be pursuing wealth actively while this strategy works for you in the background of life.
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Calculate your own scenario: https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php
Funds mentioned in video: https://investor.vanguard.com/mutual-funds/lifestrategy/#/mini/overview/0914
Car article 1: https://www.usatoday.com/story/money/cars/2019/03/01/care-payments/3001818002/
Car article 2: https://www.cnbc.com/2018/05/31/a-523-monthly-payment-is-the-new-standard-for-car-buyers.html
Restaurant spending: https://www.businessinsider.com/average-restaurant-takeout-spending-generation-united-states-2018-9
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Disclaimer: I'm not your financial advisor, attorney, or tax professional, and nothing I say is meant to be a recommendation to buy or sell any financial instrument. This video is intended for entertainment purposes only. Do your own due diligence, and take 100% responsibility for your financial decisions. Seek professional advice and guidance to aid your financial decisions.
Bonus video: /watch?v=Y4viCnaXu9k