How To Turn $7k/Year Into $1 Million
While not everyone needs to plan for a conventional retirement, I think that everyone could benefit from saving & investing to increase financial independence – the ability to choose when to work (or not) and with whom. Today's episode looks at how you could grow your nest egg to $1 million by maxing out your IRA and buying the simplest investment options available.
Key Takeaways
A conventional retirement of leisure is swell, but not everyone will get there – or even wants to
But all of us can save & invest to increase financial independence: the ability to choose how & when you want to work
You can let time do the heavy lifting for you by choosing & sticking with the simplest investment strategy around
Links
How To Turn $6,000 Per Year Into $1 Million
Investor.gov's Compound Interest Calculator
Send me a question to be answered on a future episode.
Sign up for the Keep It Easy newsletter.
Key Takeaways
A conventional retirement of leisure is swell, but not everyone will get there – or even wants to
But all of us can save & invest to increase financial independence: the ability to choose how & when you want to work
You can let time do the heavy lifting for you by choosing & sticking with the simplest investment strategy around
Links
How To Turn $6,000 Per Year Into $1 Million
Investor.gov's Compound Interest Calculator
Send me a question to be answered on a future episode.
Sign up for the Keep It Easy newsletter.
