Fact: your wealth is determined by just 20% of your take-home pay.
You can earn a million dollars a year and be broke.
I know that’s hard to believe, but it’s true. If you make $1,000,000 before taxes, bring home $600,000, and owe $2,000,000, you are essentially bankrupt.
For many of us, getting that seed money to make your first investment can be a challenge. That’s why it’s imperative this year that you take 20 percent – just 20 percent -of your tax return and invest it.
What if you took $200 and bought any of the following stocks 10 years ago? Here’s what that investment would be worth today:
Apple (NASDAQ: AAPL): $2,112
Amazon (NASDAQ: AMZN): $4,977
Netflix (NASDAQ: NFLX): $13,400
Now, is there a possibility that you could have chosen a stock that lost money?
However…the focus here is on what could go right as opposed to what could go wrong!
My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.
Click here to be taken to its Amazon page.
(Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)