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Bottom line. Investing $100,000 can be a great springboard to wealth and financial security, but you’ll want to think about your goals for the money and then think long term.
The first step in turning $100K into $1 million is to gauge whether or not you have $100K as a reasonable starting point. This amount should be free and clear of any major debts or taxes you owe.
If early retirement or financial independence is your goal, you may want to pump the gas and continue actively investing. With the $100K you already have, you could hit a $500K target in a decade ...
Sethi ran through an example of investing $10,000 per year — $833 per month — and earning a 7% return on your investment. An investor who follows this plan would end up with a $100,000 ...
Here are six ways Buffett would advise you to invest small to gain big. Trending Now: Suze Orman's Secret to a Wealthy Retirement--Have You Made This Money Move? Start Investing Early
For example, if you decide you can invest $300 monthly into an S&P 500 ETF, you could invest $75 every Monday, $150 every other Friday, $300 at the start of each month, or whatever makes the most ...
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