How to be a Millionaire in 22 years - Part 2 - Woody Wednesday

Part 1 of this video: https://www.youtube.com/watch?v=qgVg4hv10YM WoodyCraft / Minecraft IP: woodycraft.net Join Team Gamertag ► http://bit.ly/TeamGamertag Scuf: http://scufgaming.com Coupon "WOODY" http://bit.ly/ScufReview Kontrol Freeks 10% off: http://bit.ly/KFDiscount WoodysGamertag T-Shirts: http://bit.ly/WoodysShirts Connect With Me: Facebook: http://facebook.com/woodysgamertag Twitter: http://twitter.com/woodysgamertag Google Plus: http://bit.ly/WoodyGoogle Tumblr: http://woodysgamertag.tumblr.com

Comments

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2. whats the website you used for the Compound Interest Calculator
3. Does anyone have 1000$ a month i can have
4. You can't add more than 5500 to a Roth IRA a year I thought
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7. Woody, Vanguard has a limit of $5,500 annually for Roth IRAs. We cannot invest $1,000 per month!
8. What if I don't have 50,000 dollars?
9. Woody looks really young in comparison to now (9 months later). Probably the baby face look.
10. Can you make part 3 (update?) please :)
11. I'm sure the best instruction is on ShepherdSurvives website.
12. I did like the video very much but how would you address inflation in the plan? If inflation were to proceed at an average 2% per year you'd be left with 2% compound profit less after all
13. link to this calculator?
14. Woody do a video on stepping up the corporate ladder and raises.
15. Woody I really like that you did this video but I find the 50k base a little hard to relate to as a large amount of people probably do. I make a decent living where I live (32k a year roughly without overtime in southern Wisconsin) in a factory which I highly enjoy. Obviously I'm hopping to have this amount go up with sticking there longer but I'm not sure where the cap is. I don't find school appealing to get a "better" job and overall I think for the area I currently live it would be an extremely poor choice. Currently 23 and would like to start saving in the ways you explained but it will probably take me at least another year just to get myself out of my current debt (even got a part time job to help with that) not including if i need a different vehicle and getting out of my moms house. I know where I want to be in life and where I would like to end and a fair bit of what it will take to get there (my dad helps me a lot on life advice) but it'd be awesome if you could cover how you would have approached this in the rough times in your life where many of your viewers might be currently. I'd love to see your response of how you would have done it while living in low income housing and going to night school and working just to make things work. I guess the view I'm looking for is what would you have said to that woody and how would he accomplish things if life didn't turn out like it did.
16. I'm 15 and I already invest under a custodial account. can I invest into the s&p 500 through a custodial or do I have to wait until I'm 18
17. You should make more videos on this topic. Many of us are extremely interested in investing. After watching both of your videos I still find myself being overwhelmed when looking at stock. Love your videos man!
18. At the rate my fund has been going over the years (started saving when I was 20) my funds will be worth ~5 million USD when I retire at 55. When I stared out I was only saving a few hundred a month. Funds ARE the way to go. Woody is giving som very sound advice in this series. Save up. Doesn't have to be much if you can't. Just save what you can without having to live on ramen and tap water.
19. JUST GOT A TAI LOPEZ AD ON THIS VID LMFAO
20. What if only I can do 250$ a month would that be fine?