This graph will make you rich in your 20s
“He who has a why to live can bear almost any how.”
Earlier I used to get fascinated when finance influencers used to say…
If you start investing $500/month at age 25 at 7% interest rate, you will eventually be a millionaire! Yayyyy!
Until this graph opened my eyes…
Let’s take the 7% case scenario highlighted in the graph.
You start investing $1000/month at the age of 25.
Yes, you will grow your money to $10M .
But when you will be freaking 85 years old.
And probably dead. (Avg life expectancy of an Indian is 70 years)
What will you do with the money then?
Itne saal save kiya, bass next generation ko inheritance mai dene ke liye?
That’s when it hit me.
Along with safeguarding my future, I also have to live for my present.
I would rather go to Switzerland (my dream destination) in my 20s or 30s than when I am a slow-walking old lady with dentures.
I would rather take my parents on an international trip when they are still in good shape.
I would rather buy my dream car in my 20s or early 30s rather than in my 40s.
So, what’s the alternative? What did I start doing?
I stopped investing in stocks.
I started investing in myself.
I invested money into learning new skills.
I bought courses and coachings that costed me $$,$$$.
This helped me reach the top 1% income in Canada (in my 20s rather than my 60s or never)
I started investing in my health.
I hired a nutritionist and pay $1500/month to my personal trainer.
I have never felt stronger.
I invested in my family.
They have made so much sacrifices in their life, it’s payback time now.
They never have to go through the stress of lack of money ever again.
This, my friend, is the secret to success.
You are your biggest asset.
Investing in yourself will give you the best ROI, much more than the meagre 7%.
How to implement it in your life?
Never be afraid to invest in these 3 categories: things that make you more money, improve your health or your relationships.
If a thing can make you more money or free up your time, that’s not an expense, that’s an investment.
Invest in your skills to grow your income to $100K+. Once you reach the goal, then you can start investing in stocks.
Keep Blooming,
Bani Singh