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If you start invest at, let's say, 25?, you got a decent chunk of money by your 50-60s, or just wtvr, add 20 years to what age you've started to invest
It doubles every 10 years which means it 4x in 20 years, 8x in 30 years, 16x in 40, 32 in 50, 64x in 60, 128 in 70. And so on. So invest $100 000 and leave it for 100 years. It's then worth $100 million in today's money (with stable inflation between 2-3 and yearly yeild of 10%)
That is so true. It seemed to take me forever to get to $50K. I'd keep putting money into the 401k via payroll deduction and the balance would jiggle around a bit as the markets went up and down but it really seemed to not be doing anything much. But it finally hit 50K and it didn't take nearly as long to hit 100K. And by then a 1% change in the value of the funds in the 401k meant a $1K change to the balance. So I could hardly even notice my deposits in the background noise of the markets going up and down. And the balances just kept jiggling around, sometimes down quite a bit like in 2008, but in general up and up at an increasing rate. Compound growth plus time in the market are the closest things to magic you'll see with investing ;)
I'm an employee with FedEx. I'm 44 years old and I have about 170,000 in my combined savings. I also contribute approximately $15,000 a year so this year I'll make $35,000 in interest at a 10.7% return, give or take. Keep your back healthy and try to avoid early retirement because those last couple years are an absolute Bank Heist
When the term millionaire was coined, with inflation adjusted, it would be about 25 million of today's money. So when you are technically a "millionaire" and wondering why you are still getting tap water when asked still or sparkling, it's because the term is so very diluted.
Only if you don t invest in high intrest bonds and index funds like snp with a overall yearly return on average after substacting the inflation of around 10-12%
8% unfortunately requires significant risk. No bond is paying that. You need an index like Nasdaq or SP500.. their longterm average might be 8% but if you planed to retire in 2009 you lost 50% of your savings compared to 18 months prior.
@@boreyksff101 personally, I believe it's actually best to invest in small businesses rather than any other investment vehicle, you're more in control of the money and you can retire in as little as 10 years with a good business. Stocks are good for investing but most people rarely make much, because they put money in when the market is good, sell when the market is bad.
Why would you be invested 100% in the market the year before you retire though? That’s absurd. You’re supposed to be aggressive early on and dial it back as you get closer to retirement. It’s simple.
Once I cracked a million I started seeing gains of 220 kplus a year. It could all collapse tomorrow but it is insane to get the equivalent of a doctor’s salary in gains alone each year.
@@Pteromandias Thats the right way to think about it. That money isnt yours, keep it fluid, keep it working. Reach a point where taxing you makes the currency lose value. That is the way.
Yes he skipped over that. However it all adds up correctly. If you work out $100 per week at 8% annually over 36 years it is approximately $1million. So 12 years to get to 100k is 1/3 of the way there. Google the moneysmart compound interest calculator.
Agreed Tilbury I’m close to reaching my first $150k my young mind wants to buy a brand new 2025 BMW m2 because I drive an old 2006 Honda accord and everyone thinks I’m poor because of it but my investment mind tells me take that $75,000 and invest in the S&P500 and when your 40 you’ll thank your younger self.
It's fine balance mate. You can't be to far on either end. If you don't invest at all you will regret it later. Invest to much now and you lose valuable times with family etc (missing out on holidays) plus a new car is no good when your old so why not buy it. On the flip side if your happy with your car already keep it. Why care about what other people think (especially poor ones) never has a millionaire sat down with his millionaire friends and been shamed for having an old car. If they wanna play that silly game pressuring each other into wasting all there money and staying poor then leave them to it. Id say to make your self feel better plan a villian arc. Focus on investing (not to heavy still have a holiday etc) also focus on adding all these neighbours and friends that think your poor on like Facebook. Set a goal for your self tell your self when my portfolio hits a certain number I'll treat my self to this car. Maybe not go brand new but just a couple years old (miss appreciation but still have a new car about 5 years old) post on your Facebook for them all to see say something like "finally hit a net worth of 500k thought I'd treat my self" for example. Huge smack in the face for them. (Idk just an idea) I hope you had fun listening.
Then they can't call you poor for having any car never mind it just being 5 years old for example. Once they see you own 500k they can't call you poor no matter how you live.
My mistake was saving $100k but not investing it. I was making interest in CD's but some years it wasnt much more than the inflation rate. Once i started investing in the market my net worth grew substantially more than I deseved on my salary. Consistency is key.
@@BB-tu2bqI have a decent amount in stocks. I'm transitioning to purchasing basic index funds. I also have some money in Treasury Bills, small amount in staking crypto, and the rest in a HYSA.
In layman's terms: you can have fun now, or you can have fun later. The more money you have saved up, the more freedom you have. You also have more options.
Not consistently but who cares, the whole point is to invest that for the long term compounding to actual wealth. Spx, acwi, gold, bitcoin, just do something, keep adding and more when they fall and dont sell for a long, long time.
@@1k.squid. I work as a janitor it pay pretty well because they pay my gaz and a little more. Also workimg 40-48h every week. I have a toyota corolla 2006. I invest into 5 different places
Volatility goes crazy as well hahaha ! It's not that easy to stick to the process when you see your bank account going crazy up and down by 10k or more in a few days. But it's mandatory : stay invested and wait. Time is your friend.
In video game terms getting your first few coins or any currency is hard, but after you can buy better gear to get more money easier and this keeps stacking up until you become very rich in game
@@sergeyltk well yes the 97-103 range is tiny in this context but 100k is the giant stepping stone sounds much better and means more than getting to 90k helps you vwery vwery much.
He sometimes mentions S&P 500 index which has had an average yearly return of 10% for the last 30 years. I'd recommend it but I'm pretty sure there's other global indexes you can look into
Don't believe all the s&p bs you can only get involved with company's involved in the s&p aka 0% guarantee you'll make anything lol it's just a gambling addiction that people deny to feel better about themselves
I did some basic math, and if what he said is true it would be 19 years to become a millionaire with a total investment of $98800 over that time. That's over 10 times profit.
It is 7% a year, but inflation is 3% and you also have tax, thats what all influencers always forget to tell you, they also forget to tell, to not take money out, like he always says he does, becous he calls it free money😂
You just need to not need or want to spend any of it for a quarter of your life. Not possible for most, and for the few it's possible for, it's not easy to resist
I realised this a while back with my superannuation. In the first 10 years it felt like it was barely going up but then the compounding started to take effect then over the next 3 years it has nearly doubled
This is a simplistic view. He isn't mentioning taxes and inflation which dims this a bit. He is also talking about having 100k liquid in something that draws compound interest... and 8% at that. But even still, compound interest is no joke if you can just leave it alone for a lot of years, and as long as you find something with a STEADY high rate of interest (not so easy to get).
I’m so tired of hearing “invest” no stop investing in other large companies owned by people who already run the world and start making your own companies
Hello, I'm a Doctor from Scotland, how do you make such amount? I'm a born Christian but sometimes I feel so down of myself because of low finance but I still believe in God.
Most people don't understand the concept of "buy the dip " buying the dip is all about buying digital assets when their prices are down and selling off when the prices rises.
Also, never have a recession or get very sick, or have a family member get very sick, or lose your job and have to cover expenses from savings, and assume you make enough to save and live at the same time.
With an interest 8%, I calculate nine years to reach 200.000 The progress is 100.000,108.000,116.640,125.000,136.000,146.000,158.000,170.000,184.000,199.000.
But you’re not accounting for the added $100 per week. You don’t stop investing once you reach $100k. If you continue to invest $100 per week it only takes 6 years.
If you keep investing into it asking with the interest growth it will be much faster. 400 dollars a month invested at 8 percent after a hundred grand will take 6 years to get to 200
I tried to explain this to people in 2006 when I was 18. People looked at me like I am a f*%$ing idiot. I then went on to own and grow a property portfolio of a million pounds.
Not really. use an global index fund. There is always technically a risk when you're investing. But using a global index fund, is the safest and give the best resolts over time
@@markm0000i've tried creating content using crayo ai and vpn but i cant afford crayo, do you know another way i can generate money online? i'll do anything as long as it free to start
@@markm0000 it's easy to say that, but do you think you know something that i don't about making money online, i'll do anything as long as it's free to begin with, thanks!
Now imagine you earning millions and your children inheriting your millions and producing nothing in their entire lives because of interest. That’s meritocracy. People like you always whine about others being rich instead of complaining about how their own ancestors were too dumb/lazy to create generational wealth. Stop letting jealousy rule your life and instead focus on enriching yourself so your descendants can have an easier life than you. Oh, but that’s unfair, we have to tax the rich into oblivion because we deserve their money more than they and their children do. If we’re poor and unhappy, everyone else has to be too. And that’s how losers developed the concepts of socialism and marxism. Karl Marx was a rich kid who got mad because his parents financially cut his lazy butt off. Talk about having mommy/daddy issues, imagine being such a loser that you want to bring others down with you.
Investment is currently the most lucrative business in the world. Both real estate, Stock, and Cryptocurrencies are positively changing people's lives.
Just some other things to assume - Assume you still have the world reserve currency, you were in born into a generation that didn't have any major wars (Boomers), and have a job or business that pays enough that you can save and invest your way to 100k after your expenses. It's THAT simple! 😂
Man I wish I could afford to invest 100$ a week. Started with the ai shop you suggested in the lazy ways to make money video. Plan to go into real estate and open my own business in the coming years
C2 = C1 x (1+i)^n with C2 the final capital C1 the initial capital i the interest rate n the number of years However, Mark forgot to correct that by the inflation & devaluation. Usually you end up with a net of about 2%. My advice: have a clean life, go to church & thank God, earn money, buy your own house, reduce recurrent costs, keep your money in Swiss Francs, explore the world.
C = C0 * ((1+r)^n-1)/r C is the final capital C0 is the amount your investing each term r is the interest rate each term n is the number of terms Your formula only works if you invest once and wait n years. In the video he talked about investing every week. To make my formula work the numbers in the video i have to make sure that everything is measured same, we can’t have a yearly interest rate and weekly investing so I shall modify the numbers a bit and measure everything in days. C0 = 100$/7 (7 days a week) r = (1+0.08)^(1/365.2425) (this gives a daily interest rate, i use 365,2425 to account for leap years) n = 12 * 365,2425 (12 years * days in a year accounting for leap years) C = 102 917 $
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What fund would you suggest investing into?
@@marktilbury l want to invest but am from Kenya and it's not allowed what will l do kindly
@marktilbury can you please help me
Mark mate you're an English businessman but constantly talk about dollars. It's pounds mate.
@@Sean-oi7ioEvery person's situation is different, if you think you can ask and people will help you like that. Keep dreaming.
That’s why vampires are never poor on TV shows / Movies.
Their blood glows under ultraviolet light.
Twilight lol
Facts
Yes
Fun😂😂😂😂😂yyy
The first million is the hardest, so start with the 2nd!
The first billion is the hardest, so start with the second.
The first trillion is the hardest, so start with the 2nd!
The first gazillion is the hardest, so start with the 2nd
The first sex with a woman is the hardest, so start with the second
The first sextillion is the hardest so start with the second!
Over a lifetime ten years can double your interest. INVEST EARLY
Edit: Thanks for the likes
Why didn't anyone tell me this in my twenties... 😂
What do I invest in
@@anhadsingh3704 A global index fund is best
@@anhadsingh3704It really depends. Watch his other vids. They're really informative!
@@anhadsingh3704s&p 500 for long term is the easiest way to start
The most enjoyable route to a small fortune is to start out with a large fortune.
How do become a millionaire at a casino? Have a billion dollars
So basically you can live comfortably from 92 till 93
It is better to spend your last years being rich than being poor
If you start invest at, let's say, 25?, you got a decent chunk of money by your 50-60s, or just wtvr, add 20 years to what age you've started to invest
I've not fully accounted for the cost of living and so, therefore, I might be drastically wrong tho
@@infosite999Can't take it with you!
@@nova.3192I don't think you invest to get interest that will be used for daily necessities lol
So basically the more money you have, the bigger the interst
Yes
No duh Sherlock
Change have to invest, and now you’re correct.
It doubles every 10 years which means it 4x in 20 years, 8x in 30 years, 16x in 40, 32 in 50, 64x in 60, 128 in 70. And so on. So invest $100 000 and leave it for 100 years. It's then worth $100 million in today's money (with stable inflation between 2-3 and yearly yeild of 10%)
Now lets take inflation
That is so true. It seemed to take me forever to get to $50K. I'd keep putting money into the 401k via payroll deduction and the balance would jiggle around a bit as the markets went up and down but it really seemed to not be doing anything much. But it finally hit 50K and it didn't take nearly as long to hit 100K. And by then a 1% change in the value of the funds in the 401k meant a $1K change to the balance. So I could hardly even notice my deposits in the background noise of the markets going up and down. And the balances just kept jiggling around, sometimes down quite a bit like in 2008, but in general up and up at an increasing rate. Compound growth plus time in the market are the closest things to magic you'll see with investing ;)
I'm an employee with FedEx. I'm 44 years old and I have about 170,000 in my combined savings. I also contribute approximately $15,000 a year so this year I'll make $35,000 in interest at a 10.7% return, give or take. Keep your back healthy and try to avoid early retirement because those last couple years are an absolute Bank Heist
Its like the quote “the first step to success is always the hardest”
Actually, in investing it’s not that hard. Only a little is required if you start soon enough and harness it to the power of time.
Good reminder! Thank you. Now off to get working on that first 100k
Theory: invest early
Investing apps: 18+
Parents can also set up investing accounts
Fidelity youth
Yeah for very good reason. Setup an account for your kids, teach them and let them decide. That's what i do
Also you can get kids isa accounts compounding 8%, then it's also tax free when they reach adulthood and they can keep reinvesting
People with unsupportive parents: R.I.P
THANK YOU for sharing, encouraging, teaching. God bless you. 😊
When the term millionaire was coined, with inflation adjusted, it would be about 25 million of today's money. So when you are technically a "millionaire" and wondering why you are still getting tap water when asked still or sparkling, it's because the term is so very diluted.
Yes
Yes, but most of us poor people can live a lifetime on a million dollars as long as we don’t have lifestyle creep or medical issues that bankrupt us.
@@LuckyCharms777how do you even live a lifetime on a million dollars
@@ClearlyNot_Mehave zero debt and live below your means
@@nicksloan8860 living below your means is not a good life at all
Unfortunately 7% inflation destroys half your purchasing power every 10 years. In 10 years $1,000,000 will buy you what $500,000 used to 10 years ago.
Having a million in 10 years is better than having nothing for not investing
Where is there 7% inflation? Definitely not the US
Inflation was 7% for like 15 minutes
@libertarianchad6755 inflation is the growth in money supply, not CPI. Maybe take a look at the M1 dollar supply, 4tr in 2020, today 18tr.
Only if you don t invest in high intrest bonds and index funds like snp with a overall yearly return on average after substacting the inflation of around 10-12%
Golfing in Jordan 6s is pure swag.
Yo I thought his shoes looked familiar 🤣
The time it takes to get from 10 to 100 is the same time it takes to get from 100,000 to 1,000,000.
8% unfortunately requires significant risk. No bond is paying that. You need an index like Nasdaq or SP500.. their longterm average might be 8% but if you planed to retire in 2009 you lost 50% of your savings compared to 18 months prior.
If stop adding more money in your investing acc will there be any problems?? 😅
@@boreyksff101 just a bit, but if you've invested enough already, it should be fine
@@B1gBossMan ao investing and stock is there any difference
@@boreyksff101 personally, I believe it's actually best to invest in small businesses rather than any other investment vehicle, you're more in control of the money and you can retire in as little as 10 years with a good business.
Stocks are good for investing but most people rarely make much, because they put money in when the market is good, sell when the market is bad.
Why would you be invested 100% in the market the year before you retire though? That’s absurd. You’re supposed to be aggressive early on and dial it back as you get closer to retirement. It’s simple.
Once I cracked a million I started seeing gains of 220 kplus a year. It could all collapse tomorrow but it is insane to get the equivalent of a doctor’s salary in gains alone each year.
I have a hard time believing it myself. I hardly pull anything out, convinced there's no way it's real.
@@Pteromandias Thats the right way to think about it. That money isnt yours, keep it fluid, keep it working.
Reach a point where taxing you makes the currency lose value. That is the way.
And after 80years, you get this guy…
😂😂😂😂😂
May wanna sit down for this...... he's in his 50s
I'd rather be poor now and rich when I'm old than poor now and poor when I'm old
My compound calculator tell me you need 35 years in order to get $1 million if you invest 100 dollars weekly with 8% interest
@@noonecares8956Ain't no way this guy is in his 50s. He looks older than my grandparents, who are nearly 80 and worked on a farm all their lives.
Jumping from 200k to 900k pretty quick there pal 😹
50 years quick lol
Yes he skipped over that. However it all adds up correctly. If you work out $100 per week at 8% annually over 36 years it is approximately $1million. So 12 years to get to 100k is 1/3 of the way there. Google the moneysmart compound interest calculator.
Guys, that first billion is always gonna be the hardest, don't let that stop you!
An average of 8% return in the long run sounds crazy though
It's usually higher. Around 10% on average
Cryzy low yeah. Buh boring. Buy bitcoin get 40
Thanks for the advice! Got XAI37T, feeling bullish! 🚀
What
@@dyldog it’s a bot trying to sell shitcoin
Lĺllp
@@CrudDeposit why does it have so many likes on its comment? Multi accounts?
@@soccerholden13 That and a few people blindly liking comments
💯 i dont remember the progression in my portfolio, but yes compounding goes crazy when your account gets up there
Agreed Tilbury I’m close to reaching my first $150k my young mind wants to buy a brand new 2025 BMW m2 because I drive an old 2006 Honda accord and everyone thinks I’m poor because of it but my investment mind tells me take that $75,000 and invest in the S&P500 and when your 40 you’ll thank your younger self.
Rent that fancy car once in awhile. Drive the Honda until it needs to be towed. Have AAA 🎉
It's fine balance mate. You can't be to far on either end. If you don't invest at all you will regret it later. Invest to much now and you lose valuable times with family etc (missing out on holidays) plus a new car is no good when your old so why not buy it. On the flip side if your happy with your car already keep it. Why care about what other people think (especially poor ones) never has a millionaire sat down with his millionaire friends and been shamed for having an old car. If they wanna play that silly game pressuring each other into wasting all there money and staying poor then leave them to it. Id say to make your self feel better plan a villian arc. Focus on investing (not to heavy still have a holiday etc) also focus on adding all these neighbours and friends that think your poor on like Facebook. Set a goal for your self tell your self when my portfolio hits a certain number I'll treat my self to this car. Maybe not go brand new but just a couple years old (miss appreciation but still have a new car about 5 years old) post on your Facebook for them all to see say something like "finally hit a net worth of 500k thought I'd treat my self" for example. Huge smack in the face for them. (Idk just an idea) I hope you had fun listening.
Then they can't call you poor for having any car never mind it just being 5 years old for example. Once they see you own 500k they can't call you poor no matter how you live.
Save for a house then you can say you own a house and dont have tk worry abojt rent
@@taniaropiha9424 depending on the area it can be cheaper to rent. No point going and buying a home for it to cost you more money in the long run.
Like it or not this is the truth and 95% of people will never try.
Compound interest is amazing! 🤩
Says everyone! Even Dave Ramsey back in the 90's
Spitting that game in 6s Is wild work O.G not even Jordan Wearing Jordan's to the Golf court
My mistake was saving $100k but not investing it. I was making interest in CD's but some years it wasnt much more than the inflation rate. Once i started investing in the market my net worth grew substantially more than I deseved on my salary. Consistency is key.
What do you invest in now?
@@BB-tu2bqI have a decent amount in stocks. I'm transitioning to purchasing basic index funds. I also have some money in Treasury Bills, small amount in staking crypto, and the rest in a HYSA.
@@BB-tu2bqI mostly invest in Onlyfans models
@bingeMAFIA Yeah CD's are only great for disciplinary purposes, but don't really put an emphasis on "wealth building!"
@@BB-tu2bq Get a counselor, you dont have to worry about anything.
True,
Lots of successful people said the first 100k is the hardest
In layman's terms: you can have fun now, or you can have fun later. The more money you have saved up, the more freedom you have. You also have more options.
and the more you give up now, you have less options now, etc.
Thank you, enjoy listening to your channel your contents are informative
I just installed your investing game and I'm finding it really fun. I recommend it for everyone
what is it
Thank you guys for sharing knowledge with us taking your time to do so❤.
Question is... How do you consistently get 8% return per year
S&P index funds return 10% historically
Not consistently but who cares, the whole point is to invest that for the long term compounding to actual wealth. Spx, acwi, gold, bitcoin, just do something, keep adding and more when they fall and dont sell for a long, long time.
I have a regular savings account in the UK with 7% interest. 8% is pretty mediocre
clever how you progressed though each club too, good background analogy. i love your channel!
But that golf swing...both feet turned together like a rotary 😆🤦🏻
Great swing mark!❤
making money is easy when you are loaded? wooooow? never thought about it :D
You didn't listen
You didn't get the joke🤣 you didn't listen
Bro didn't say NON of that😂🙏🙏🤦♂️
Keep thinking like that, and you will be forever broke.
lol bum
Love that the more money you have the more money you make
Exactly it's the beginning that's the hardest, once your ship is sailing there's nothing that'll stop ya
Why don’t poor people just get more money 🤪
Ok I love this guy
Dumb question but uhhh…invest in what exactly to get a 8% in return?
Crystal Meth
SP500
Yeah, it's utter bs. Not to mention there is no such thing as a safe 8%. At 8% it's a risk of total loss.
@wonderful-wafwaf yeah keep worrying about total loss and continue staying broke because you chose "the safe route"
@@sixstonks9385 well, how many winners there? If winners are minority, is it worth it? Become more poor than you was? Nice strategy I would say.
Bros casually making a birdie while talking about business😂
Could have been a double with that shoe shuffle on the tee
But how to find that 8 % return tho
This guy got me into low risk investment.
Absolutely saved me already
Been investing 200$ every week and im 23. Let's see in 10 years!
Where/how?
@@1k.squid. I work as a janitor it pay pretty well because they pay my gaz and a little more. Also workimg 40-48h every week. I have a toyota corolla 2006. I invest into 5 different places
@@BRSRROffice i meant how are you investing
@@1k.squid. With the bank I meet a guy every 2-3 weeks
@@1k.squid.most likely in the s&p500
Playing golf with Jordan's is crazzy 😂
Unfortunately, the inflation will swallow at least the half of that amount
Why does every old rich guy play golf💀
Also thanks for the advice :3
It's not about the game itself, it's because it has a big field and rich people have their own privacy to take about business, money and investing
Yeah, Warren buffet used this
Warren buffet did a lot more than this.
Warren buffet is a scam, he has inside information, crazy how he is still walking free.
Warren Buffet didnt get rich like this lmao, keep dreaming
He had rich parents 🎉
@@jonpomerance-trifts6113 well obviously
So where do u invest to get the 8% interest?
The power of...... EXPONENTIAL GROWTH! - My math teacher
Bruh somehow skipped from 200K straight to 900K and then to 1M 💀
And winning money from a crisp packet only takes 5 minutes, I’ll just invest all my money in crisps from now on
Volatility goes crazy as well hahaha ! It's not that easy to stick to the process when you see your bank account going crazy up and down by 10k or more in a few days. But it's mandatory : stay invested and wait. Time is your friend.
Yeh but inflation is there too, ofc still better but not that much
snp 500 index funds outpace inflation by a lot
Even a bank deposit will out pace inflation
In video game terms getting your first few coins or any currency is hard, but after you can buy better gear to get more money easier and this keeps stacking up until you become very rich in game
Go outside and touch grass.
There's nothing magical about 100k. It's more about your salary to this amount ratio.
Wrong 100k is special it’s at the point where compounded gains are seen and reward heavily all while being a reasonable goal
@@Messup7654 mathematically speaking, 99k and 100k are no different in percentage calculation.
@@sergeyltk well yes the 97-103 range is tiny in this context but 100k is the giant stepping stone sounds much better and means more than getting to 90k helps you vwery vwery much.
Mark, I also play the 10 year old G30 driver
Golfing in jordans and no glove that boy cold 🥶
$100 per week invested into what exactly and not everything will offer that 8% or grater.
He sometimes mentions S&P 500 index which has had an average yearly return of 10% for the last 30 years. I'd recommend it but I'm pretty sure there's other global indexes you can look into
Yeah S&P 500 is good and there’s all sorts of mutual funds out there to choose from
Don't believe all the s&p bs you can only get involved with company's involved in the s&p aka 0% guarantee you'll make anything lol it's just a gambling addiction that people deny to feel better about themselves
@@greysonfrost9262 whatever brokie
I love getting financial advice from him , but he fact that he just had a birdie casually is crazier.
I did some basic math, and if what he said is true it would be 19 years to become a millionaire with a total investment of $98800 over that time.
That's over 10 times profit.
It is 7% a year, but inflation is 3% and you also have tax, thats what all influencers always forget to tell you, they also forget to tell, to not take money out, like he always says he does, becous he calls it free money😂
@@Daniel-qz8bp I did say basic math lol.
You just need to not need or want to spend any of it for a quarter of your life. Not possible for most, and for the few it's possible for, it's not easy to resist
@@patrickatwright like I said it's some basic math, of course you're right. I was just trying to make a point.
@@Daniel-qz8bpyeah 😮💨 the super wealthy always keep their best cards up their sleeves and never play them!
I realised this a while back with my superannuation. In the first 10 years it felt like it was barely going up but then the compounding started to take effect then over the next 3 years it has nearly doubled
you are living proof this society is terminally diseased
This is a simplistic view. He isn't mentioning taxes and inflation which dims this a bit. He is also talking about having 100k liquid in something that draws compound interest... and 8% at that. But even still, compound interest is no joke if you can just leave it alone for a lot of years, and as long as you find something with a STEADY high rate of interest (not so easy to get).
The system we live in is broken
How about getting from 200K to 900K?
I’m so tired of hearing “invest” no stop investing in other large companies owned by people who already run the world and start making your own companies
That's oftentimes how the super wealthy keep their company(s) afloat, then sell it for a HUGE market number!
So which companies do you own, smart ass
Do both?
@@Ash_1247 do YOU have a company, smart ass?
This is fantastic advice!
An 8% return every year is a big if and you forgot about taxes
if you dont take the profit out and leave it there it doesnt get taxed
Move somewhere with no capital gains tax
Bro rocking the air Jordan 6s
I'm favoured financially with Bitcoin ETFs, Thank you buddy $32,000 weekly profit regardless of how bad it gets on the economy.
Hello, I'm a Doctor from Scotland, how do you make such amount? I'm a born
Christian but sometimes I feel so down of myself because of low finance but I still believe in God.
Most people don't understand the concept of "buy the dip " buying the dip is all about buying digital assets when their prices are down and selling off when the prices rises.
I think the best way is to invest with a professional, at least you avoid the trauma of too many losses.
Compound interest only works from me to the bank, not from dividends to me 😂
Also, never have a recession or get very sick, or have a family member get very sick, or lose your job and have to cover expenses from savings, and assume you make enough to save and live at the same time.
The golf reference is fukkn brilliant.
Compound interest is the 8th wonder of the world. He who understands it, earns it, he who doesn't, pays it.
Exactly! Paying off 100k is painful. Building it is just as painful
I think it’s cause if you can make it to 100k it means you have discipline and you can definitely make it further
If you could measure golf swings by net worth, yours would be eternal debt
Yeah, he should stick to playing cards 😂
Haha came to the comments for this, absolutely awful form
فكرة المحتوى جدا رائعة و مفيدة و مربحة بالأخص لمن يبحث عن الثراء ❤ شكرا
With an interest 8%, I calculate nine years to reach 200.000 The progress is 100.000,108.000,116.640,125.000,136.000,146.000,158.000,170.000,184.000,199.000.
But you’re not accounting for the added $100 per week. You don’t stop investing once you reach $100k. If you continue to invest $100 per week it only takes 6 years.
@@clarke7637still at $100 p/w @8% it will still take 35 years to reach $1,000,000 if starting at zero.
Bro is golfing in the fresh jordans
8 % will take 9 years not 6 years, even without taxes...
If you keep investing into it asking with the interest growth it will be much faster. 400 dollars a month invested at 8 percent after a hundred grand will take 6 years to get to 200
Let's talk about that gold swing
This proves that money can't buy a good golf swing
I tried to explain this to people in 2006 when I was 18. People looked at me like I am a f*%$ing idiot. I then went on to own and grow a property portfolio of a million pounds.
But it's hard to look for a risk free 8% return.
Not really. use an global index fund. There is always technically a risk when you're investing. But using a global index fund, is the safest and give the best resolts over time
@@filipjohansson4293 Thank you, is that available in UK?
Forgot about inflation rates 18 years from now
it feels hopeless watching your videos knowing that in my country the average salary is 2878$ a year
You have access to the internet and know English. There’s plenty of money to be made.
@@markm0000i've tried creating content using crayo ai and vpn but i cant afford crayo, do you know another way i can generate money online? i'll do anything as long as it free to start
@@markm0000 it's easy to say that, but do you think you know something that i don't about making money online, i'll do anything as long as it's free to begin with, thanks!
The 6s on his feet 😳👌🏻
Translation: there’s no point investing unless you’re born rich
😂 Without capital, you can't consistently invest at all! 😮💨
@@CoachPiccolo get a job and stop buying bs
@@weebly_if you're homeless just buy a house
If you had $500k in the bank a few years ago you gained a little interest but inflation made your money much less valuable
So now imagine inheriting millions and producing nothing for your entire life because interest.
What meritocracy huh
Now imagine you earning millions and your children inheriting your millions and producing nothing in their entire lives because of interest. That’s meritocracy. People like you always whine about others being rich instead of complaining about how their own ancestors were too dumb/lazy to create generational wealth. Stop letting jealousy rule your life and instead focus on enriching yourself so your descendants can have an easier life than you.
Oh, but that’s unfair, we have to tax the rich into oblivion because we deserve their money more than they and their children do. If we’re poor and unhappy, everyone else has to be too. And that’s how losers developed the concepts of socialism and marxism. Karl Marx was a rich kid who got mad because his parents financially cut his lazy butt off. Talk about having mommy/daddy issues, imagine being such a loser that you want to bring others down with you.
@@LuckyCharms777 my ancestors may have been dumb but you are clearly not the sharpest tool in the shed either
@@ImPDK
Whatever you say, Einstein.
Your content is so powerful for me to lift up my listening skill. Greetings from Bali, Indonesia
Investment is currently the most lucrative business in the world. Both real estate, Stock, and Cryptocurrencies are positively changing people's lives.
Just some other things to assume - Assume you still have the world reserve currency, you were in born into a generation that didn't have any major wars (Boomers), and have a job or business that pays enough that you can save and invest your way to 100k after your expenses. It's THAT simple! 😂
Bro, we haven't had any major wars since WW2. Everything else was just a few countries fighting each other, nothing global
Also assume no -50% market meltdowns. And if there are, that government will double its debt and stimulus spend.
Man I wish I could afford to invest 100$ a week. Started with the ai shop you suggested in the lazy ways to make money video. Plan to go into real estate and open my own business in the coming years
C2 = C1 x (1+i)^n
with
C2 the final capital
C1 the initial capital
i the interest rate
n the number of years
However, Mark forgot to correct that by the inflation & devaluation.
Usually you end up with a net of about 2%. My advice: have a clean life, go to church & thank God, earn money, buy your own house, reduce recurrent costs, keep your money in Swiss Francs, explore the world.
That’s not correct
C = C0 * ((1+r)^n-1)/r
C is the final capital
C0 is the amount your investing each term
r is the interest rate each term
n is the number of terms
Your formula only works if you invest once and wait n years.
In the video he talked about investing every week. To make my formula work the numbers in the video i have to make sure that everything is measured same, we can’t have a yearly interest rate and weekly investing so I shall modify the numbers a bit and measure everything in days.
C0 = 100$/7 (7 days a week)
r = (1+0.08)^(1/365.2425) (this gives a daily interest rate, i use 365,2425 to account for leap years)
n = 12 * 365,2425 (12 years * days in a year accounting for leap years)
C = 102 917 $
No one’s gonna talk about how he used golf in his point. It’s harder at the beginning then when you get closer to the hole it gets easier