Ramit Sethi shows how $16 a day invested in a low-cost index fund from age 25 grows to over $1 million by 75. The trick is setting up an automated system and ignoring the market. If $1 million sounds small, increase your monthly contribution or stop complaining.
3 areas and you will free up hundreds of dollars, maybe even more per month for something I wanna show you next. A mechanism that at $75K can turn less than $20 a day into $1.3 million or more. The best investors I've met over 20 years barely watch the stock market. They do not pick individual stocks. They set up a simple automated system and they get on with their life. It's boring and that's how it's supposed to be. Look at the math. You invest $500 a month, roughly $16 a day, and in a low-cost index fund starting at age 25, you will retire with over $1 million. Now, if you're about to write a comment on my page that says, hey, who wants to be some geriatric loser who only has $1 million at age 75? Okay, then make more. Increase your income. Put $1,000 a month, put $5,000 a month, put $10,000 a month into your investments. But do not sit here and say, hey, Ramit Sethi, that sucks to only have $1 million at age 70. What's your alternative? To sit around and complain or pick random shitcoin investments? No, we've got to execute a plan because one way or another you are going to be older. I want you to have a lot of money and I want you to spend some of that money today enjoying your life.
