The difference in investing $100/month to $200/month could be $380,000!
Over the course of George’s wonderful life, he contributed $42,000. What’s wild is the growth on his money turned into $380,000. He just started investing at age 30 and consistently invested in an index fund at $100/month. Now at retirement, he’s got a big ole pile of cash, for what for him was a very manageable sacrifice.
Johnny Boy decided to do $200/month, starting at the same age. He contributed $84,000 in his lifetime which has now grown to over $750,000! That’s some serious cash!
Remember to invest early and consistently. Set it and forget it!