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Do you contribute?
No not your relationship
I'm talking about your investment accounts
Contributions will do more than you think
I'll show you in
"Contributions Explained"
- A THREAD -
No not your relationship
I'm talking about your investment accounts
Contributions will do more than you think
I'll show you in
"Contributions Explained"
- A THREAD -
1.
Before getting started
Let me explain what a contribution is
This is the act of adding money into your investment account
Before getting started
Let me explain what a contribution is
This is the act of adding money into your investment account
2.
Most people start with anywhere from $100-1000
And that's completely fine!
But growing with this amount can be a bit tough
Let me explain...
Most people start with anywhere from $100-1000
And that's completely fine!
But growing with this amount can be a bit tough
Let me explain...
3.
- Scenario 1 -
Imagine you have a $1000 account
Let's say you also have a great year and grow your account by 50%
This is great and all
But you only made $500 (not knocking this at all)...
- Scenario 1 -
Imagine you have a $1000 account
Let's say you also have a great year and grow your account by 50%
This is great and all
But you only made $500 (not knocking this at all)...
4.
- Scenario 2 -
Imagine you start with that same $1000
But you add $250/month into your account while only making 20% (still great)
You'd end the year with $3200
Much more manageable right?
- Scenario 2 -
Imagine you start with that same $1000
But you add $250/month into your account while only making 20% (still great)
You'd end the year with $3200
Much more manageable right?
5.
For most 20% is much more manageable than 50% in a year
Now I know some of you are saying
"But JT if I make 50%/year over 10 years then I'll be winning!"
Let's do some more math
For most 20% is much more manageable than 50% in a year
Now I know some of you are saying
"But JT if I make 50%/year over 10 years then I'll be winning!"
Let's do some more math
6.
After 10 years of making 50% yearly
Our person in scenario 1 will have an amazing $57,665,04
That's pretty impressive right?
After 10 years of making 50% yearly
Our person in scenario 1 will have an amazing $57,665,04
That's pretty impressive right?
7.
After 10 years of making 20% yearly while contributing $250/month
Our person in scenario 2 will have...
$84,067.18
Now that's quite a beautiful number...
After 10 years of making 20% yearly while contributing $250/month
Our person in scenario 2 will have...
$84,067.18
Now that's quite a beautiful number...
8.
Again, I know someone is telling themselves that I'm wrong because the person making 50%/year will come out on top
How many people do you know will be able to make 50% yearly?
For the majority
20% will always be more manageable vs 50%
And that's the truth
Again, I know someone is telling themselves that I'm wrong because the person making 50%/year will come out on top
How many people do you know will be able to make 50% yearly?
For the majority
20% will always be more manageable vs 50%
And that's the truth
9.
Looking to find what names to contribute to long term?
The Big Picture has just that
We go over:
- Short term trades
- Long term investments
- Where money is rotating to
- And our new learning corner https://gum.co/elIOM
Looking to find what names to contribute to long term?
The Big Picture has just that
We go over:
- Short term trades
- Long term investments
- Where money is rotating to
- And our new learning corner https://gum.co/elIOM
