One question does this compounding will work with €50 monthly investing?
50USD --> 300k after 50yrs
He said put your money into the VOO
(I dont know about Euro, we'll use USD)
Based on his EXACT plan, after 50 yrs i think 50USD per month will give you
300,000 USD
Lmao... yeah, based on his banking hard plan, the math explodes
So (We are following his plan)
You invest 50USD for every single month for 50 years, you would physically save 30k of your own money
Its compound interest so youre earning interest on your interest.
So based on what he said, you put 50USD and stock market will give you 9% so that's 4.50 (54.50)
Year 2 you will get 9% 59.40
So now at about 30 years your 50USD starts making more money per month than youre putting
So by year 30 that's 18k of your own money you saved and its worth 90k
By year 50 the math is saying about 300k
Lmao
But if you wanted to go into your money and you break the chain before the time, then the math will collapse
The VOO and a single share is i think 700USD so if you have only 50 USD i guess you can use an investment app to buy a piece of that share.
The thing he doesnt talk about though is inflation