Why Retiring A Millionaire Will Be Considered Poor
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- Опубликовано: 11 июн 2024
- This is why retiring a millionaire will be considered poor in the future.
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Often personal finance youtubers (including myself), will show an example of investing combined with compound interest, about how if you invest a certain amount into an index fund (such as one that tracks the s&p 500) over a long period of time, you will be able to retire a millionaire. However, usually we do not account for inflation. Once we account for inflation, it becomes apparent that $1 million will not be worth all that much in 40 years time. In this video i show example of ho much we should really be investing to be able to enjoy a comfortable retirement in the future.
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Everything in this video is of my own opinion and could be wrong. I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
Good video. One thing I wish you talked about is if the money invested is what you will be drawing from or if you are going to be living off of dividends. I feel like there is a difference between the two methods.
Not big on the whole inflation issue because it all depends what you buy, not all things go up the same rate. Plus more than likely you'll have no mortgage and less expenses when you retire. The bigger issue most people need to think about is taxes. A million tax free is awesome (Roth 401k/IRA) but so many people have traditional 401ks and the taxes will eat some of that away.
Another very informative video, thank you. Did you have your hair cut?
A small haircut, thanks for noticing!
Idk who does your editing but they're doing a absolutely amazing job for such a small channel. I'll sub rn
My husband is insane I know lol. Thank you!
Great video! But according with the Fisher formula the "real" return is (1+i) / (1+inflation) - 1 --> So a 10% percent return you substracted a 3% inflation equals 1,1 / 1,03 - 1 = 6,8% real return, so in 35 years you'll have $804k.
However, I consider a 4% inflation more likely to occur in the future, so a 10% return decrease to 1,1 / 1,04 - 1 = 5,77% real return --> In 35 years equals to 647k in buy power of now in the future.
Great video! Is this the same as determining the present value of one million dollars in x number of years using a wacc/discount factor? is inflation incorporated in the wacc formula or discount factor?
Great video!! It's a wake up call for those FIRE believers 😃👍 and please don't give up and keep going on this RUclips path! In no time you will be at 100k subscribers, for sure by the end of this summer! Because you are real and provide amazing value!
Thank you John!
Nice video! 😁 Many people don't factor in inflation and how it erodes the purchasing power of a currency while making investments. Really nice that you touched this topic!
Thanks!
What would be a good monthly investing goal for a 13 year old?
At 13…investing anything would be phenomenal
Educative. I wish I saw this video 20 yrs ago. :-(
Thank you!
Couldn't find the link for compound interest...
Whoops, thanks for letting me know. I’ve added it now!
@@KarsonGaule Thanks. You are so prompt !
We know that Year 2076 America will be 300 years old.That days We try to know What value of Gold ?How can , How Many% Americans to reach their American Dreams? Good Luck America.Thanks your information.
I got the Webull bonus SIX stocks, I was targeted for an additional 50$ in Appl shares and I funded my account with just one penny🤯🤗
Nice!
@@KarsonGaule so I got $100.74 in stocks and one of them was also Snapchat
A bag of Doritos will cost $10 in 40 years. We will need a huge wallet in 2060.
Lol probably
Lol classic Dave Ramsey
Yep haha
What if the stock market is just the opposite the next 40 years as it was the last 40 years? Dont worry though. The world will end by the 2060s anyway most likely.
Come again? Lol
I bet Jesus is coming back in 2060. Quite possible given how all world leaders are behaving. Hope Trump will be there to receive Jesus in 2060. Together they can do wonders.
@@texastexas4541 LOL. Jesus wouldnt piss on Trump if he was on fire
Are you single?
Nah m8
Subscribed. In my head, I've renamed your channel to be /r/shedidthemath