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What’s an easy way to get rich?

The most valuable 10 minutes of your life might be the 10 minutes where you set up an auto-investment into your Roth IRA. That one step can make you a millionaire over time.⁣⁣‎‎‎

The math above assumes a 7% rate of return over the course of 40 years. As a point of reference, over the last 40 years (since 1985) the S&P 500 has delivered an average annual return of 11.66%, but when adjusted for inflation, the return drops to 8.65%.‎
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Oh, and your easy million is 100% tax fee because it’s protected inside a Roth IRA. Any money invested inside of a Roth IRA grows tax-free and can be withdrawn 100% tax-free after the age of 59.5.‎‎‎
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As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.⁣⁣‎‎‎
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– Jeremy‎‎‎ & Jenn

MORE POSTS

The Trump Bump

Trump vs Biden post-election stock market returns

Our current president tweets a lot about how the stock market is doing exceptionally well, implying that it is his doing. I posted in past comparing the stock market return over recent presidential terms and it turns out President Trump’s term ranks 7th out of the last 10.

Jeremy Circle

Hi, I’m Jeremy! I retired at 36 and currently have a net worth of over $4 million. 

Personal Finance Club is here to give simple, unbiased information on how to win with money and become a multi-millionaire!