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7/26/2013 6:45:46 PM
19
If you invest $100 and earn 10% a year for 50 years...
It would be worth over $200,000. Also if you invest 2000 a year from when you are 19-27, it will be 2 million when you are 65 earning 12%. Also if you bought 1 coke stock in 1919, for $40 a share it would be worth $5 million now.
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I remember seeing that stuff in high school. My one retort is: We have millions of people. Surely one of them followed this advice to the letter. Where are they? Where is the success story? Everyone I've met was wealthy through other means, and the retirement account ended up being a small portion of their wealth. Where is the plumber or school teacher?
