CHECK OUT the plan my son Taylor constructed with our amazing financial advisors and close family friends, Dave and KC Johnston (White Cap Wealth Management) 3325 N. University Ave. Suite 150, Provo UT.
TAYLOR’S WORDS: Paying yourself first is one of the greatest keys to financial independence, because your money becomes your slave—instead of the other way around.
Something simple I am doing is investing $100.00, once a month, into an S&P 500. Starting at the age of 20 and assuming the S&P holds firm to its track record of 40 years of consistent return at the same rate of 8-10%, the results are staggering (see graph). Honestly, I don’t even notice the money going. I have it set up as a direct withdrawal so that it just goes without me having to painfully stash away money manually. This is one example of how small, simple things compounded over time can make a huge difference.
We would love to learn from you; share your life-hack with us at [email protected] or [email protected]
Murphy-Barth Team, Equity Real Estate
Recent Comments