When you procrastinate in college, you’ll still graduate with the same degree. But in the case of investing, procrastination could cost you a MILLION dollars. By letting ten years slip by before investing, Nate’s portfolio ended up just a fraction the size of what Nora’s money grew to.
What’s the main takeaway? Start today. If you don’t have the money, just invest a small amount. Getting started is the hardest part and there’s always going to be an excuse not to. But, starting now vs later can make all the difference in the world.
In our example, we are assuming Nate and Nora invest in an index fund that tracks the S&P 500, which has averaged 10% returns per year over the last 100 years, including dividends.
If you want to learn more about investing and learn how you can grow a million dollar portfolio, we are hosting a free webinar TONIGHT, Tuesday June 27 at 5pm PT/8pm ET. It’s going to be an action filled one hour with a ton of fun content, plus we are giving away FIVE copies of our investing course. Our profile has more information to sign up for the webinar! Everyone who signs up will get the recording emailed to them as well. See you there!
As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.
-Vivi & Shane
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