"The Ultimate Retirement Savings Hack: Creating Millionaires and Future Wealth"

1 min read
Source: Yahoo Finance
"The Ultimate Retirement Savings Hack: Creating Millionaires and Future Wealth"
Photo: Yahoo Finance
TL;DR Summary

A national study on millionaires revealed that 79% of them are self-made, with compound interest being a key factor in their wealth accumulation. The S&P 500, known for its historical average annual return of 9-10%, is highlighted as a dependable stock market investment. The Rule of 72 is introduced as a tool for estimating investment growth, demonstrating the potential for significant wealth accumulation over time. The article emphasizes the importance of starting to invest early and leveraging compounding to build wealth, regardless of age.

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