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.⁣⁣‎‎‎
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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 1986) the S&P 500 has delivered an average annual return of approximately 11.3%, but when adjusted for inflation, the return drops to roughly 8.2%.
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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 Any money invested inside of a Roth IRA grows tax-free and can be withdrawn 100% tax-free after the age of 59.5.‎‎‎
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This really isn’t rocket science. But I know “investing” can be super intimidating if you haven’t had much experience. You can see some how to get started posts on my “How to Invest” story highlight. ‎‎‎
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If you are someone who is ready to sit down and really learn this, all of my money courses are on sale starting next Monday, July 13th!
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There are no secrets in these courses and it’s definitely not a get rich quick scheme. But I’ll walk you through how to put this post into action.
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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