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Crazy Compounding of Millionaires and Billionaires
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:24:04
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Sinopsis
Learn what some compounding rates have been to become a millionaire or billionaire and why you only need 10% to create wealth. Some billionaires have crazy compounding rates! My favorite woman billionaire, Zhou Quinfei compounded at 55,000% for 10 years. Kylie Jenner compounded her money at 462,000% for 4 years. While Warren Buffett compounded at about 26% annually and became the richest man in the world at one time. What's the difference? What is realistic? What will get you to a million dollars? Listen and find out. Are you investing well for financial freedom...or not? If you invest $10,000 per year for retirement, but earn only 2%, after 20 years you’ll have $262,692 and after 30 years $431,908. However, if you invested for growth and the stock market averaged 10% annually, your $10,000 per year would grow to $697,299 after 20 years and $1,983,928 after 30 years! A huge difference. Complete the short application to find out how to invest for growth, what asset allocation I recommend (with ticker symbols,