Ryan Daniel Moran says people under 45 can hit $100 million by saving $100,000 a year and investing in index funds over decades. He contrasts this slow wealth-building with the short-term consumption culture on social media.
$100,000 per year.
45 years old or younger.
If you're 45 years old or younger, you can retire with $100 million just by extending your time horizon. If you do the right things for a very long time and you think about things in decades, it is very, very difficult to not become insanely rich and insanely successful. Adding small amounts $100,000 a year into long term, low risk, broad based index funds, you can retire with $100 million, which means that you need to save $100,000. A need to have a business that is producing a certain amount of money so that you can save $100,000 a year. In today's YouTube, Instagram, fast cash world, it is all about how much money we can make now so that we can spend it so that we can look good on social media. I am much more interested in how can I build the biggest pie possible and change my family's generations.
