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Watch: How Much Money To Save Daily So As To Become A Millionaire By Age 65
By Yoon Sann Wong, 30 Dec 2016
Financial advisor David Bach provides tips on how much money to save every day so as to become a millionaire by age 65.
His main piece of advice: start investing early.
This video by Business Insider illustrates how much one should set aside daily according to various ages. Obviously the later in life you start with saving, the more you will have to set aside each day.
In the guide, Bach assumes a “12% annual return”, which has sparked discussion in the video’s comment section on Facebook.
Some internet users commented that 12% was “ridiculous”. Others commented that the plan was sound but other factors should also be taken into consideration such as lifestyle choices as well as discipline.
Discover Bach’s guide in the short clip below.
[via Business Insider]
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