EPISODE · Oct 21, 2023 · 14 MIN
7 - How to Turn $10 a Month Into a Million-Dollar Retirement
from MUSLIM WOMEN INVEST · host Dr Miral A Khalil
It doesn't matter how MUCH you're able to invest; it only matters how soon you begin and how consistent you can be. Back in 2017, a grandmother came to me hoping to begin investing for her yet-unborn granddaughter. This woman had never worked a day in her life, yet she had the foresight to begin preparing for her granddaughter's financial future. However, she didn't have much money to invest. She could only invest $10 per month... But I told her that if she could consistently invest that $10 monthly, we could take it and create a million-dollar retirement for her granddaughter. Sound impossible? I promise you, it's not. Let me walk you through the math. CHECK THE MATH: Plug these calculations into the Compound Interest Calculator: https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator CONNECT WITH MIRAL: Want to learn more? Visit my YouTube channel: https://www.youtube.com/@muslimwomeninvest Join my Facebook community: https://m.facebook.com/groups/muslimwomeninvest/?ref=share&mibextid=S66gvF Follow me on Instagram: https://www.instagram.com/muslimwomeninvest/
What this episode covers
It doesn't matter how MUCH you're able to invest; it only matters how soon you begin and how consistent you can be. Back in 2017, a grandmother came to me hoping to begin investing for her yet-unborn granddaughter. This woman had never worked a day in her life, yet she had the foresight to begin preparing for her granddaughter's financial future. However, she didn't have much money to invest. She could only invest $10 per month... But I told her that if she could consistently invest that $10 monthly, we could take it and create a million-dollar retirement for her granddaughter. Sound impossible? I promise you, it's not. Let me walk you through the math. CHECK THE MATH: Plug these calculations into the Compound Interest Calculator: https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator CONNECT WITH MIRAL: Want to learn more? Visit my YouTube channel: https://www.youtube.com/@muslimwomeninvest Join my Facebook community: https://m.facebook.com/groups/muslimwomeninvest/?ref=share&mibextid=S66gvF Follow me on Instagram: https://www.instagram.com/muslimwomeninvest/
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7 - How to Turn $10 a Month Into a Million-Dollar Retirement
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