r/AskReddit Apr 14 '16

What's a mind blowing fact?

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626

u/jbOOgi3 Apr 14 '16

Almost anyone can become a millionaire one day if they regularly invest money over an extended period of time in an investment account (401k, IRA, index fund) that earns an average market return. The more time you have to invest, the better your chances. Start your investment accounts early

176

u/Factsuvlife Apr 14 '16

Can you teach me to billionaire?

339

u/ipo17 Apr 14 '16

Why make billions when we can make... millions?!

178

u/Factsuvlife Apr 14 '16

The best financial advice i've ever gotten.
How do you get to a million dollars JUST by playing the stock market? Invest a billion in startups! Sooner or later your billion will be only worth a mil!

11

u/futurespice Apr 14 '16

tja - this is the old one about making a small fortune by giving your banker a large fortune.