How To Invest 1M On 25k Income Per Year

First thing you want to do, before watching this video is some simple math, your age – retirement age, crazy I know but its important. Lets assume we all have the magic 65 year in mind. ( so my age – 80 gives me about 39 years of investing ) ps I know it gives hou a negative number

Comment down below how many years you have left.

Now this video, I’ll teach you how you can retire with 1M dollars and you only need to earn 25k a year and invest for 10 years ( sounds crazy right )

How to invest 1M on 25k income per year

live on half for 10 years

Never invest again

12 return rate

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You want to Open up a Roth Ira Account and Brokerage Account

this is not financial advice an I’am only telling you what I would do

I would do a roth, beucase this is money that can grow tax free and you wont be tax when you need it later, its that simple and I would a brokerage also, beucase I;m going to be investing more than I can in the roth

This is the simplicity factor

Here something else:

If I have a nromal ob and my imployer is offer a match, I would invest as much as I can to get the maximun match at the company ( I would ask the HR deparment about that or whoever is in charge )

With all the left over money, I’ll put in the Roth, and any more money in the brokerage

What company would I open these account with

I would use Vanguard

And I would invest 100% of the money in s&P 500

Their will be ups and downs, but you need to learn to control your emotions this is a long term game

And the only you lose is the US falls, and the entire world falls ( so who cares lol )

Living on 50% of my income ( that would 25/2, meaning I would live on 12,500)

And the first thing someone may say, is impossible

The answer is, no its just hard and here is how I would do it, living in new york

This is my personal experience, you may have a betterr way

First off:

I would rent a room and pay about $600 per month in the bronx

Second I would limit my spending on food to $200 per month

I would pay $127 for metro unlimited ( if needed or buy a bike )

And I would cut all the bills I don’t need, use wifi and use a $15 a month phone bill plan )

For a grand total of $942 dollars per month would leave me with an extra $100 for fun per month or anything else

Now does this sound like fun:

Obviously no, but in 10 years I can raise my income

The goal would just be to always save 50% of my make

Now what are the Results

Well the market has made about 11.97%, lets lower that to 10%

If I invested 12,500 for 10 years that would be a total amount of

That would be 199k as return

Now remember my time left investing was 39 years, and I spent 10 years

That would mean I only have left 29 years

In 29 years at 10% that money would grow to 3.1M without putting anymore oney in the account again

10 years work and 3.1M is the result

Now here is the catch:

This one part of the game

Obviosuly you can earn a lot more than 25k a year

But if you pay your home, you stay debt free, you don’t need that much money

Which gives you a lot more freedom

Hope you enjoyed this video

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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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