The Most Effective Method To Save $100,000 in 15 Years
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About this ebook
If you desire to kickstart your savings, investing, or retirement journey, this is the book for you. Whether you are a beginner or self-starter, this will get you well on your way to a brighter future.
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The Most Effective Method To Save $100,000 in 15 Years - H & L Investments and Design
Introduction
How much money have you saved over the last 5, 10, or even 15 years? If you're like most people, you probably haven't done as well as you would have liked. But the fact is, it's relatively easy to amass a considerable amount of money in a reasonable amount of time. All it requires is consistency – unwavering consistency.
But like anything else, to be successful over the long haul, you'll need a realistic plan that you can live with.
What does it take to save $100,000 in 15 years?
It takes $300 a month.
Don't think you have $300 a month? You most likely do, and we’ll show you how.
First, we're going to look at the math.
Over time, the stock market has delivered a return of 10.8%. 15 years is a long enough period of time to expect a similar return. When one considers the state of the economy right now, this may be one of the best times to invest regularly.
At 10.8% interest, you would need to save $215/month to accumulate $100,000 in 15 years. But we're going to be conservative and assume we're only going to earn 8% annually. At 8%, it will take around $280/month to save $100,000 in 15 years. We're going to be even more conservative than that and just call it $300.
If everything goes as well as it should, $300/month at 10.8% - the long-term stock market average – would result in almost $141,000!
While you could simply save $300 a month, there are other ways to do it. What if you could actually increase your income, decrease your expenses, and increase your assets? Then