How Much Money Can I Make Investing?

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2. Where do I Invest my money to get that much saved?
3. 12% is too optimistic. I don't think people should go higher than 8% or 9%. If you estimate too low, then you have extra money. Most people can live with that. If you estimate high and you don't get the returns you expect, then you come up short, which nobody wants.
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5. $1,000 * 12= $12,000 * 12%= $1, 440. Now, add $1,440 to the $12,000= $13,440 per year times 15=To me it came out to be $201,600, not about $500,000.
6. So Dave uses mean interest over 5 years, and uses that interest to calculate compound interest? That's mathematically wrong. I see why people criticize him over it, he's failing middle school math there.
7. Average is not compounded. At least he said use a more conservative amount.
8. what did too much mean?
9. I begin investing 15% of my income in tracker funds starting this month. Super excited to finally arrive at this baby step. Don't know what return I will get over the long term as I'm in the UK so things are little wobbly over here at the moment, but I'm in this for the long haul.
10. Awesome!