The Wealth Equation is a methodology that the majority of millionaires have used to build wealth.
According to a study of 10,000 millionaires by Ramsey Solutions in 2021, 94% of millionaires live on less than they make and 3 out of 4 millionaires attributed success to regular, consistent investing over a long period of time.
The Wealth Equation looks like this:
Step 1: Income - Expenses = Surplus
Step 2: Invest surplus consistently over a long period of time
Yes, that’s it! Millionaires understand that compound interest is powerful and so should you.
From age 25-60, $250 invested monthly at an 11% average annual return yields $1.02 Million!!
You are never too young or too old to start saving and investing!
If you need help building a budget or direction on how to get started with investing, message or email us and we would be happy to help.
The more you know, the more you grow! Follow for more!
Samuel Shinn, MBA
Wealth Advisor
856-437-9294
samuel.shinn@lpl.com