Compound interest: How to turn $1 into $10



Because I hate clickbait titles: Invest $1 and over 30 years, your $1 will be worth $10 in today’s money. That’s adjusted for inflation, so that money will have the same buying power in the future as it does right now. This isn’t a get rich quick scheme, it’s just about the importance of investing as much as you can, as early as you can, for as long as you can. Think of every purchase in its future value - that $5 coffee is worth $50 in future money. That $80 dinner is worth $800 in future money. When you think of things this way, you begin to question if certain purchases are really worth it to you right now, and helps you focus your money on the things that will really bring you the most enjoyment vs a large payout in the future. I don't recommend trying to time the market, either - you know, waiting around for the market to crash - or not buying because "the market is at an all time high." Or trying to sell at the top. I mean, dude, the market is always at an all time high throughout history. Just invest consistently over a long period of time and you’ll be fine. Compounded interest is an amazing concept. But it's takes discipline and consistency. People want an easy quick fix. This is neither. It takes discipline not to spend your money for 30+ years. It also takes time to see your returns add up. But over time, the returns are massive. Now I know some of you will say YOLO, you're only young once, live today you can die tomorrow - true. There is a lot of benefit in living your life now and not being some 70 year old with trillions of dollars because you didn't spend anything, yet don't have the capacity to enjoy it anymore because of illness or because you're just 70 years old. Just don't be stupid about it and spend all your money on things that don't add real, lasting value and happiness to your life. And because people want an answer to what I specifically do, here it is: I invest everything in VFIAX. Every year. I automatically reinvest the dividends. Then I use the majority of my money to invest in real estate. Rinse. Repeat. Cash flow. Make YouTube videos. Bam. Snapchat: GPStephan Instagram: GPStephan Suggested reading: Audible Free Trial: http://amzn.to/2mOi6WZ Your money or your life: https://goo.gl/fmlaJR The Millionaire Real Estate Agent: http://goo.gl/TPTSVC The Millionaire Real Estate Investor: https://goo.gl/sV9xtl How to Win Friends and Influence People: https://goo.gl/1f3Meq Think and grow rich: https://goo.gl/SSKlyu Awaken the giant within: https://goo.gl/niIAEI The Book on Rental Property Investing: https://goo.gl/qtJqFq

Comments

  1. Quick money guide ft. Guy infront of greenscreen with 3 buttons down for the ladies.
  2. this video is fake, you said you day dream at night.


    jks you cool ma dude
  3. I love the job you're doing with your videos. Keep it up man!!! :DDD
  4. Hey Graham,
    I started a Longboard selling business 1 year ago when I was 12. I made 600 euros in profit so far, and I'm happy with that being just a 13-year old who doesn't put much effort in it at all. Basically, I buy Longboards for around 50 bucks each on a dutch site called Marktplaats (like craigslist I think?), and I sell the board later for 100 euro again on Marktplaats. As I said before, I made 600 euro (700 dollars) in the last 11 months, but I'm a bit stuck now. The business works fairly good right now, but I want to expand my business, get into other niches, sell more, trade more and make more money. To be honest, money isn't my main object. It is more that I want more action and expand my knowledge about the industry but I just don't know how.
    Can you help me any further with this problem?

    Sincerely,
    Bengt
  5. Getting a lot out of your videos. Learning as much as I can about the real estate as I can. Can't wait to see where your channel goes from here.
  6. this dude is FUCKING AWeSOME SO GLAD I SUBBED
  7. Graham, have you checked out Wealthfront or Betterment? If not, you might want to take a look. Lower fees and likely better performance than straight-up Vanguard. Maybe turn your $1 into $10.50 or $11. ;-)
  8. live life right now!
  9. Hey Logan in 30 years! your $12.37 is in your old backyard far left side,
    underground, and in a water bottle
    heist that fuckers backyard
  10. Im extremely passionate in regards to investments and the way in which the economy is run. I was wondering the process behind investing into the Sp500.
    Btw, love your vids and although im not as equipped or knowledgeable over the subject matter, i still find your vids extremely interesting; keep it up!
  11. Thing is, if I'm so young and I only have "one dollar" how am I supposed to invest the such little amount of money I have right now. Say I want to invest $1,000 tomorrow. How do I do that?

    This is probably my favorite video of yours, thanks.
  12. bet they do these clips to get advice?? habaha
  13. Takes a good person to achieve success and want to share that knowledge with others. Props man. I enjoy the honesty in your videos. I'm set to take my state exam on the 18th for my license in fl. Hopefully I can find a grounded mentor. Good luck on your endeavors.
  14. lottery tickets aren't stupid dawgy!!
  15. fuck you
  16. I always feel like I wont be here alive in 30 years. I know its probably really dumb way to think this way but I truly believe its what going to happen. Also because I have a very little understanding how investing works - I don't. Also i always hear that you can actually lose money by investing so there goes another reason I don't. Maybe i should give it a try though. These days though its hard to trust anybody though.
  17. I've been look for a reason to invest thankyou man I'm turning 18 next week and just gonna invest money I don't use into stocks
  18. How do I start investing in stocks? I women from a bank came to our school and talked to a feww classes about morgage and a little bit of investments and she said you have to do it through a bank
  19. what about inflation
  20. You can die today


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Visibility: 46331

Duration: 11m 9s

Rating: 1427