Tony Robbins: Here's how to retire rich on a normal person's income


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Say you earn $50,000 a year, which is fairly typical, since the median U.S. household income is $61,372 . Setting aside 10 percent of that would mean $5,000 in savings per year. “Now, if you hadn’t put anything aside over the course of the year but instead waited until December to come up with this much money, how likely is it that you’d have $5,000 sitting around somewhere? Not very,” Bach writes in “The Automatic Millionaire.”

"But when you pay yourself first, you don’t wait. The 10 percent is taken out of your paycheck and automatically invested for you before you ever see it."

And that $5,000 a year can really add up over time, thanks to compound interest , which causes your wealth to snowball. If you invest $5,000 a year for 35 years in the stock market and earn an annual return of 7 percent, for example, you’d have more than $750,000. Over 40 years, with an annual return of 7 percent, you’d have over $1 million.

The sooner you start investing, the better off you’ll be.

https://www.msn.com/en-us/money/retirement/tony-robbins-heres-how-to-retire-rich-on-a-normal-persons-income/ar-BBRPO6H?ocid=spartanntp

If you invest $5,000 a year for 35 years in the stock market and earn an annual return of 7 percent, for example, you’d have more than $750,000. Over 40 years, with an annual return of 7 percent, you’d have over $1 million.

Yeah, don’t forget taxes to be paid as 30% or more of your $750K.

And, 2008-2018 events. :laughing: