How to make $1 million in 2 steps

To figure this out, I downloaded the historical S&P 500 data going back 100 years and wrote a small program to analyze it. Your investment over this time is only $120,000 but the average final value is close to $2 million!⁣‎‎
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The WORST this strategy has ever performed is if you started in 1969 and ended in 2008 in the middle of the financial crisis. Your $120,000 would have turned into only $1,230,502. The best it has ever performed is if your 40 years ended in 1999 at the height of the dot com boom where you would have had $3,509,126.⁣ ‎‎
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And if your 40 years ended today? Despite suffering the dotcom crash, the financial crisis, and the COVID-crash over the last 20 years, you’d still have a cool $1,780,165.‎‎
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Investing in index funds is about as simple as it gets. You click a few buttons on a website, put your money in and leave it. But I know that it can be a super intimidating process to those who are new at investing. I get approximately a million questions a day on how to get started investing, such as:‎

• How much should I invest?‎
• Which type of account should I open?‎
• Which is the best index fund?‎
• Should I buy an international index fund?‎
• How do taxes work?‎

Well to answer those questions and dozens more, I spent months working on a course to lay out everything you need to know in a comprehensive A-Z format. There’s no secrets in the course. It’s the same info you’ll find on my page, in books, and many other resources around the internet, but the approachable video walkthroughs may appeal to you! Click here to learn more!

As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.⁣‎‎
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– Jeremy⁣‎‎
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via Instagram

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Jeremy Circle

Hi, I’m Jeremy! I retired at 36 and currently have a net worth of over $4 million. 

Personal Finance Club is here to give simple, unbiased information on how to win with money and become a multi-millionaire!