23, Mark Zuckerberg
31, Bill Gates
32, Taylor Swift
33, Rihanna
35, Jeff Bezos
36, Kim Kardashian
37, Lebron James
38, Beyonce
39, Jay-Z
40, Kanye West
41, Elon Musk
42, Steve Jobs
42, Michael Jordan
52, Warren Buffett
1 important lesson from each:
If you don't find a way to make money while you sleep, you will work until you die.
— Warren Buffett
I can accept failure, everyone fails at something. But I can't accept not trying.
Roth IRAs are the most powerful investing account.
It can make you a tax-free millionaire in retirement.
Here is everything you need to know about Roth IRAs:
The Roth IRA limit is $7,000 for 2024.
That's only $135 a week.
If you invest $135 a week into S&P 500 an index fund for 30 years, you'll only spend $210,000 of your own money.
But at retirement, you should have $1,300,000.
This is the power of time and compound interest.
How to become a tax-free millionaire (the lazy way):
1) Invest $11 a day into an S&P 500 index fund in your Roth IRA
2) Wait & let compound interest do all the work
3) In 30 years you should have about $1,000,000
*Historically the S&P 500 has returned about 11% per year on average (or 1,300,000%), over the last 96 years since its inception in 1926 (with dividends reinvested)