Create Half a Million Dollars With $5 a Day

Damn. Half a million dollars. And all it cost you was a fancy coffee or half a burrito a day. Can you spare $5 a day for a $500,000 payday? 87% of that is purely earnings!

You only had to pay $64,000 for a half million payday.

This demonstrates the importance of investing over time. Now remember, for the volatile stock market, this works best over the long run, where you are continually purchasing investments (called “dollar cost averaging”). If you have less than 25 or 35 years, you could do a number of things. A great option would be to use a less volatile index or mutual fund, like a balanced fund. These have less year to year risk — and less return, but FAR more returns than you’d get from a savings account or spending the money instead!

Guess what? We are never taught about the importance of investing. But you don’t even need a degree to understand it. It can be simplified. Scroll to the bottom for some more resources!

To summarize

• The stock market averages great annual returns, even over recessions, and crashes of all kinds (housing, dot com bubble, great depression, etc.)
• A diversified portfolio tracking the stock market can be easily created for anyone with some simple stock market index/mutual funds
• Purchasing in repeated amounts allows you to leverage the long term uptrend of the market
• You can make a ton of money by investing in the long term: the proven way
• If you have less time, choose funds with less risk in the shorter term, like balanced funds

Invest in your future.

About the Author

Charlie Cameron is an avid investor and peer educator on money concepts missing from education. How to learn more:

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• Check out his free course about Why Everyone Can and Should Invest