A speaker who earned over $2 million in his twenties regrets not investing more of it. He shows the math: $1,000 monthly at 13.2% annual return hits $1 million in 20 years. The lesson: promotions are checkpoints for building wealth through investing, not the finish line.
Number 1, I should have invested more money, right? 10 years in, I've made over $2 million with this company. From 20 to 29 years old, this company's paid me over $2 million. You know, I should have invested more money, and you know, and I'll give you guys a tip. Guys, look, if you invest $1,000 a month at a 13.2%, it's $1 million, okay, in 20 years. If you invest $5,000 a month for 10 years, okay, in a mutual fund with a decent rate of return, it's $1 million. Okay, and if you invest $13,000 a month, right, in 5 years it's over $1 million, in 20 years it's over $5 million, right? So again, one of the mistakes that I've made early on in my life was not investing as much money as I should have.
