I hate to be the guy to say that you could be a millionaire by just investing $5 a day, and I’ll teach you how do it. But Then I’ll convince to why you really don’t want to do it.

Truth is, in the world of investing TIME matter a lot. Theirs a big difference from having a million dollars at age 30-40 than there is at 65. I think most of would agree, the sooner we get the better.

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Chapter:
0:00 Intro
1:47 How Do You End Up With $1 Million By Invest $5 A Day
5:38 How Do You Make $1 Million From $5 Invested Daily
6:48 Here Are the Facts
8:30 Here What We Can Do Instead
16:17 Outro

1. How do you end up with 1m by invest $5 a day and with around 109.58 in passive daily for the rest of your life
– Lets break it down, 4 things you need to know about ( I know three is a better number but its not 3)
– Low Cost Index Funds/ETFs, Roth Ira, 4% rule and Compound interest ( before you exit this video, and leave a dislike, don’t worry all this can be done in less than 5m)

First: Low Cost Index Funds/ETF and a Roth IRA
– Roth is super important and if you have income you need to take advantage of it
– Because you’re money grows tax free and then you can also withdraw it with 0% tax

Second: Compound interest and the 4% rule
– Compound interest is the ability to grow your money not just based on the principle but also based on the gains
– For example if I paid you 10% of 1M ( for 10 years ) that would mean you would have $2M

2. So How do you 1m from $5 invested Daily
– Easy if you invest $5 daily or lets say 150 per month to make it more simple ( into my portfolio for example, that makes 11.49% but lets say 11% to make it more simple)
– In 39 years you would have $1,045,486.92
– If you’re watching this video at age 20 you would be 60 and if you are watching this video at age 60, you would be de**

3. Here Are the Facts ( Before I tell you about my Better Plan )
– Fact 1: Life expendency for men is 75 and women 81
– Fact 2: $1M today would be worth 381k in 39 years
– Fact 3: Most of this money would probably go towards healthcare not really vacations ( unless you like this Mark)
– Fact 4: it sucks that’s the fact

4. Here what we can do Instead
– Instead of having this stupid arbitrary number
– Lets focus on 1 Thing: Have more Coming in than we Spend
– Meaning if we need 30k a year for the basic stuff and we make 40k a year in passive income ( who needs a million )

Here what you do instead:
– Zero: Make a budget ( get rid of what you need and keep what you do need, until you not broke anymore )
– First: Pay off your Debt ( Debt Steal cash flow from you and it also makes you poor because most people are paying more interest than they make in investments )
– Second: Save 3-6 months of emergencies ( because when you get hit by life, it helps to have seat belt and an airbag and a safe vehicle )
– Third: Invest 10-20% for most of you that’s going to $300 to $600 per month. Buy a Home that no more 33% of your income, get a 15 year mortgage and dumb all the extra money on it, so you finish faster
– Forth: Enjoy

So lets Review:
– If this plan takes you 20 years lets say for example
– 5 Years to be debt free and save for emergencies and the house
– And then 15 years to pay off the house and invest at the same time
– In 15 years you would 274k invested in your retirement ( which pays a little over 10k a year remember the 4% rule )
– Paid off house, No debt, and emergency fund

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

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