Ep. 110 - Wealth Building
![Ep. 110 - Wealth Building](https://d3wo5wojvuv7l.cloudfront.net/t_square_limited_480/images.spreaker.com/original/ae6345765193749be117ea18a6caa37e.jpg)
Sign up for free
Listen to this episode and many more. Enjoy the best podcasts on Spreaker!
Download and listen anywhere
Download your favorite episodes and enjoy them, wherever you are! Sign up or log in now to access offline listening.
Description
This week, we discuss the Federal Reserve again throwing cold water onto the stock market. At some point, the Federal Reserve will be done with their tightening cycle and a...
show moreOur main topic today is Wealth Building for Generation Z and Millennials. Generation Z is defined as those born between 1996 and 2010, and Millennials between 1981 and 1996. Quite the spread of ages, but all worried about the same things. How can I build wealth and set myself up for financial independence?
The calculation I use in this episode is as follows:
Save 10,000 a year from 25-45 years old and earn an 8% return. This grows to 457,619 age 45. Stop contributing...but let it grow until you're 65, and it is worth $2,132,944. Total contribution is $200,000
Save 10,000 a year from 35 - 65 years old and earn an 8% return. This grows to $1,132,832. Total contribution is $300,000.
STARTING TO INVEST AS SOON AS YOU CAN MATTERS!!!
Information
Author | L&L Podcast Group |
Organization | L&L Podcasts |
Website | - |
Tags |
Copyright 2024 - Spreaker Inc. an iHeartMedia Company