$1 a Day

Message/Experiment of the Week:

What do you think $1 a day would be worth if consistently invested for 40 years? If you invested in an S&P500 index fund with a return of 10% using a Roth IRA, you could have roughly $159,333.32 tax free from your $14,600 investment. Not a bad way to more than 10x your money. Better yet, if you invested in a winning tech stock like Microsoft with an annual return of around 23% your $14,600 investment could now be worth roughly $6,175,456.42.

For an experiment this week, you can try investing a dollar a day using something like etrade, Webull or Robinhood; and you can play around with the compound interest calculator at investor.gov to explore what your potential returns could be: Compound Interest Calculator | Investor.gov. 

Quote of the Week:

• "Get your money to work for you so that you don’t have to work for money."

Video of the Week:

Mark Tilbury - If I Wanted to Become a Millionaire in 2024

Song of the Week:

The Red Clay Strays - Wanna Be Loved (Official Video)

Disclaimer… this is the author sharing food for thought. It is not meant to be investment advice, which you should seek from a qualified professional.

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