Investing $10 a day for 5 years. Here's what happens… episode artwork

EPISODE · Aug 8, 2024 · 17 MIN

Investing $10 a day for 5 years. Here's what happens…

from Building Your Money Machine · host Mel H Abraham, CPA, CVA, ASA

Ready to see the power of investing just $10 a day? You won't believe how it can add up over time!In today's episode, I take you through the math to show you what happens when you invest a small amount consistently over 5, 20, 25 and even 30 years. I compare investing in VOO (an S&P 500 index fund) vs VTI (a total stock market fund) to demonstrate the growth potential. The numbers will blow your mind!I also emphasize why getting in the wealth-building game is so important, no matter how much you can start with. Your investing behavior matters more than the amount of money. It's not about having a lot to invest, it's about putting your money to work for you.Want to see how you can turn $10 a day into nearly $1 million over time? Check out the full episode now!IN TODAY’S EPISODE, I DISCUSS: How investing just $10 a day in an index fund over 30 years can grow to $847,000Why your wealth-building behavior and getting started is more important than the amount you investHistorical backtested returns of investing in VOO vs VTI index funds over 5 yearsRECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:My Money Planning Process to Achieve Your GoalsHow to Get the Right CPA & Why It MattersDemystifying Your Credit Score & Does It MatterWhat to Do Today to Pay Less Tax and Keep More Money    RECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:My Money Planning  Process to Achieve Your Goals: https://youtu.be/Ip7kLKXNj2Y How to Get the Right CPA & Why It Matters: https://youtu.be/zj26Wwqe0bk Demystifying Your Credit Score & Does It Matter: https://youtu.be/emgKYPy6Quw What to Do Today to Pay Less Tax and Keep More Money: https://youtu.be/tZHKIgr_TIM ORDER MY NEW BOOK:Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It! The key to building the life you desire and deserve is to build your Money Machine—a powerful system designed to generate income that’s no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind.Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how to build your money machine.TAKE THE FINANCIAL FREEDOM QUIZ:Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com  

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Ready to see the power of investing just $10 a day? You won't believe how it can add up over time! In today's episode, I take you through the math to show you what happens when you invest a small amount consistently over 5, 20, 25 and even 30 years. I compare investing in VOO (an S&P 500 index fund) vs VTI (a total stock market fund) to demonstrate the growth potential. The numbers will blow your mind! I also emphasize why getting in the wealth-building game is so important, no matter how...

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Investing $10 a day for 5 years. Here's what happens…

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