Owen Raskovich
👤 SpeakerAppearances Over Time
Podcast Appearances
So let me just throw some other numbers at you.
I've just jumped onto our compound interest calculator.
A $50 deposit now.
Let's say we've got $50, a pineapple in our pocket, and we can invest it at a 7% return.
But not only that, and that's a 7% yearly return, not only that, we can invest $50 extra per week.
So let's just take away, you know, you need this much to buy shares and blah, blah, blah, blah, blah.
Just numbers.
$50 now and then $50 every week into the future for 30 years.
$50 now, $50 per week for 30 years and we get a 7% return.
I've just plucked that number out of thin air.
7% seems reasonable.
How much do we have?
It's a good question.
How much do we have?
I've got the number right here in front of me.
I'm just trying to let your imagination go.
We would have total savings of around about $245,979.
Around about, that's actually precise, but yeah, you get the idea.
But here's the truly amazing thing.
Of that $245,000,