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2024-06-06 00:30:52

Andrew Lokenauth on Nostr: Make Your Child A Millionaire: When they're born, invest $1,000 into an S&P 500 index ...

Make Your Child A Millionaire:

When they're born, invest $1,000 into an S&P 500 index fund.

Invest $100 into that account every month until they're 21.

By age 21, they'll have $109,000 invested.

Leave it alone and stop adding to it.

At age 50, that money should grow to $2.6 million.

Bonus: Teach your kid to invest $500/month
starting at 21.

If they continue what you started by 50, that total should be $3.9 million.

This is how generational wealth is built.
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