David Bach
👤 SpeakerAppearances Over Time
Podcast Appearances
Okay.
How much money does it take to blow $10,000 in a year a day?
I don't know.
How much money do you have to spend a day to blow $10,000?
So I'm holding a brick here of 10 grand.
Okay.
A lot of people would like this brick.
Yes.
It's $27.40 a day.
Wait a minute.
$27.40 a day is 10 grand?
$10,000.
Okay, now what happens, Mel, if you invest $27.40 a day?
This explains compound interest.
If you invest $27.40 a day and you're in your 20s, and you do this for 40 years at a 10% rate of return, which is what the stock market has averaged for 100 years.
You use that fund I told you about, the VTI fund.
You'd have $4,424,000.
If you invested $27.40 a day, which comes out to $10,000 a year, in 40 years, you'd have $4,424,000.
That's a fortune.
Now, the question is, are there people who are blowing $27.40 a day on stupid shit?