How to accumulate $1 million? Assume you invest $10,000 per year and earn a 7% annual return. Here’s how long each $100k takes: • First $100k → 7.8 years • Next $100k → 5.1 years • Then ——--→ 3.8 years • Then ——-→ 3.0 years • Then ——→ 2.5 years • Then —-→ 2.1 years • Then —→ 1.9 years • Then —→ 1.7 years • Then -→ 1.5 years • Then → 1.4 years It took nearly 8 years to reach your first $100k. It takes about 1.4 years to add the last $100k. Why? Because eventually your money is doing more of the work than you are. Early compounding feels slow. Later compounding feels unstoppable. Most people quit in the slow phase. That’s the mistake. Start early. Stay consistent. Let time do the heavy lifting. $VFV$VOO$VTI$VT$VEQT$XEQT
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lonewolf @underestimated · 19m
Your last $500k on the way to a million takes less time on average than your first $200k
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