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Anon becomes a shrimp farmer (sh.itjust.works)

submitted 5 months ago by Early_To_Risa@sh.itjust.works to c/greentext@sh.itjust.works

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honorary greentext

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[-] sugar_in_your_tea@sh.itjust.works 1 points 4 months ago

If you invest in the S&P 500, your money will double approximately every 7 years, or 10 years if you adjust for inflation.

If you invest $7k (max IRA contribution) at the beginning of every year (makes math easier) and get 7% (conservative, inflation adjusted return) from age 25, you'll have $1.2M by 65, and you only invested $280k. That's over 4x growth! If you have $200k and don't add to it, you'll have $3M inflation adjusted dollars after 40 years.

Investing isn't infinite, but if you're consistent, you'll inevitably become wealthy.

this post was submitted on 31 Jan 2025

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