Believe you can, and pair that belief with a plan.
The equation to achieve financial independence, is simpler than you might think.
It takes discipline and saving a few bucks each day.
Compound interest is an unbelievable concept.
You have to see it, to believe it! Troutwood’s stock market calculator is one place, to “see it.”
Once you understand compound interest, your financial goal(s) becomes not just believable, but achievable, and you have taken an important towards financial independence.
Make this 👇 fact, YOUR financial reality.
Consistently invest, in a diversified long-term portfolio, beginning at an early age. Make it automatic, like brushing your teeth!
But it’s not that easy . . .
“I want to open a Roth IRA, but I keep been hearing about a potential recession and was wondering if I’ll just lose all my money?”
A student of mine at the University of Pittsburgh asked this 👆 question. It’s a valid fear, and one I hear frequently, across different audiences.
Which makes the first step, the most difficult.
There is a great deal of media, social, and mainstream finance and investing content, that emphasizes:
- Timing the stock market
- Picking “the right” individual stocks
- The next recession
- Get rich quick schemes.
Forming a long-term investing perspective will help you avoid financial traps and stay on track with your financial plan.
Tune out the noise.
Own the companies that comprise the “stock market” – all of them – for a long time.
The cumulative returns of the stock market as measured by the S&P 500 from 1950 – 2022 is 228,508.39%. That’s a BIG number, that includes EVERY recession over that 72-year period.
I don’t know what’s going to happen, next week, next month or next year. I do have a great deal of confidence in long term investing.
Own your financial future.
Investing and time are a powerful combination.Tweet
– The Missing Second Semester