Quote:
Originally Posted by MAXUM
Starting at nothing, zero, nada, a monthly investment of $300 per month for 40 years yields a million+ dollar portfolio with an average 8% return year over year. Obviously the more you have the more return there is on a set percentage. That's the whole point of investing, reap the benefits of compounding returns. You don't need a "windfall" to get started and get there you just need discipline. That's it, it ain't rocket science and it ain't luck. With a bar set that low there is no reason why anyone today isn't retiring with that or even half that.
The reason why so many are unprepared for retirement is very easily explained, just look in the mirror.
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A million dollars in 40 years will be nothing.
$300 a month 40 years ago was a fortune.
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