George Kamel
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Appearances Over Time
Podcast Appearances
I'm going to hit calculate $2.68 million at 64 if he never adds a dime.
Now at 12%, you're looking at $5.9 million.
That's pretty wild.
That 2% over 40 years really adds to it.
That's compound growth.
And look, the contributions, he didn't contribute anything but the 50.
And it turned into that just by leaving it alone.
That's $1,500 a month from 24 to 64.
Let's see what happens if he continues this.
$12 million.
$12 million.
At 10% rate of return, Jordan.
And that's if you never get a raise and your spouse never works.
So let us free you.
Enjoy some of the money because you're going to get to 12 million and go, should have went on a vacation probably.
That probably would have been a good idea.
I got a lot of money now and don't have enough time to spend it.
Well, that's what happens.
We talk about this book, Die With Zero, which we don't agree with everything in the book, but the concept is do not wait until you're 70 or 80 or at the point where you pass away to then hand your kids a million bucks when they don't need it in their 60s.
That's right.