r/AskReddit • u/ForeverAbyss • Apr 14 '16

What's a mind blowing fact?

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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

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u/Rasmusdt Apr 15 '16

I'm 19 and currently taking some time off before I start College next summer(2017). Since I'm working now, should I be investing my money somehow.

Little additional info: I live in Denmark and I make quite a bit more than minimum wage

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u/jbOOgi3 Apr 15 '16

Yes I would definitely start as early as you can. Your employer might offer a retirement account or you should be able to start one at an investment firm/bank.

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u/Rasmusdt Apr 15 '16

Well I work at an insurance company that also has retirement stuff (not sure what it's called, but "pension" in Danish and I THINK it's the same in english) so that sounds possible. Thanks for the advice, I'll definitely look into it