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the longer you keep your stock the more it will grow
ReplyDeleteIt's pretty crazy how the stock that the child was given at a very young age grew to be worth so much. It's hard to imagine how that even works. Its also probably a good thing it was forgotten until years and years later, otherwise he might have been tempted to get the money and not let it gain anymore value.
ReplyDeleteIf you buy more stocks at a young age you will be rich at retirement .
ReplyDeleteI think it's cool how he says that pretty much anyone has the possibility of becoming a millionaire. It's all just how you invest your money and how smart you are at playing the game.
ReplyDeleteIts is a good strategy to keep stocks in as long as possible to get as much out of them as possible .
ReplyDeleteI learned that if you invest in the right stock you can earn a lot of money over the years!
ReplyDeleteSo far I think this book has a lot of valuable information. Its hard to understand how only $2,000 can turn into $1 million but I think I want to try it. You don't really have to do much, just watch the money grow over time.
ReplyDeleteya it is perty crazy
ReplyDeleteif you start to save your money at a young age then as you grow older that money you will save will grow rapidly. So instead of blowing money save it so you can have a successful living
ReplyDeleteI also think that it is crazy that a little kid that was given a little bit of money to invest was able to keep it in the bank and it was able to grow throughout the years. It's amazing how that can work.
ReplyDeleteI think it's awesome that if you invest $2,000 early in life you could end up with well over a million dollars.
ReplyDeletejust think of what you could do if you were givin just like 1000 dollars or even 100 and start saving from their
ReplyDeleteIt smart to keep the stocks longer then you will make more money. It add up fast.
ReplyDeleteIt is really interesting if you invest $2000 early that you can make a lot of money over the years.
ReplyDeleteBuy stocks then save up tell you are old, thats the best way I think too make the most money
ReplyDeleteAlot of people agree and it holds true to keep stocks in as long as possible for growth
ReplyDeleteI did not know that $2,000 could get to over a million in about 55 years....FASCINATINGGGGG!
ReplyDeleteIt is also crazy that the more you invest the annually the more it will grow in the end. It makes a huge difference. That was cool that the kid got that lucky with just $2,000 dollars.
ReplyDeleteI agree Jay, if we just invested like $100 that could turn into $100,000 over time.
ReplyDeletePeople were asked how much money does it take to feel rich. Only 30% thought $1 million was a point of feeling rich, 28% meaning less picked $3 million and $5 million or more was rich. These people were asked from 100,000 going up.
ReplyDeleteVery true Kayla Ellis! Now I know why all the old people have nice cars!
ReplyDeleteMaybe we do have money invested and we just don't know about it....
ReplyDeleteyou could earn a lot of money if you did save that money at that age but some kids dont want or like to safe the money they rather spend it on stuff they want like games and what not
ReplyDeleteI agree that its smarter to keep the stocks as long as you can
ReplyDeleteI learned that if you invest in something at a young age and it grows, it will increase dramatically over time.
ReplyDeleteIf you invest in a stock that is more likely to grow in size over time you are more likely to increase the payment over years.
ReplyDeletethat was crazy how the guy forgot about his stock and he got that much money
ReplyDeleteIts amazing how much money can grow if you just leave it to grow.
ReplyDeleteIts crazy that even at an "average" rate, stocks can be worth so much over time
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteBecca
ReplyDeleteIf you don't touch your money you will be able to save so much more than if you get into your money every now and then for something small that you think you need. Saving your money will help you more in the long run.
I agree with you Becca. Leaving the money alone will help you in the long run
ReplyDeleteMoney rates go up so fast in stock markets. If i put 50000 in stocks how much would it be worth for my grandkids one day 100 years from now??
ReplyDeleteLandon
I learned that it can be a very good outcome if you buy stock and hold it because stocks tend to rise, also it is good to save money. I also learned that less than 5% U.S. households have a milliondollar net worth, and most people think that feeling rich would just be by having $100,000.
ReplyDeleteI think it crazy that IF you have the right stocks and you leave it alone you can make so much money!!
ReplyDeleteI agree with you Melanie and Becca, that if you leave your money in there its crazy how much it can become!
ReplyDeleteSaving your money for the long run is sometimes better than blowing it right away. If you let it sit and accumulate you will have much more
ReplyDeleteChapter 1 - At 100 Years of saving, you will accumulate around $167 million dollars, and at 150 years, you will have accumulated around $2.3 billion, and around 250 years, you'll get around $4 thousand trillion!
ReplyDeleteChapter 2 - Today, there are five million U.S. households with a million dollar net worth. (Less than 5% of all households.)
If you are rich, you should be bringing in around $2 million per day!
Instead of getting rich quick you should let it sit and be rich in the long run...YAY
ReplyDeleteI agree with Alyssa and Melanie.
ReplyDeleteif you are going to invest in something it is a smarter idea to keep your stocks for as long as you can because they will grow over time.
ReplyDeleteBecca
Another thing that kind of surprised me was that if you have a million dollars but you are in debt over that much you basically don't have anything and there for are worth nothing.... that is according to the book anyways!!!
ReplyDeletehard work is the key to success
ReplyDeleteLeaving your stocks for a long time will of course give you more money in a long run but if you wait till you are really old to take it out what are you gonna want to spend it on??
ReplyDeletei agree Jordan. Buy, wait, and then sell.
ReplyDeleteI agree with anthony because with out hard work you get no where in life
ReplyDeleteI agree with you Alyssa It is suprising how much the stocks change but at the same time they stay the same lol
ReplyDeleteI learned that if you save and invest at a young age, when you get older you will be pretty wealthy. Also investing in stocks will help you.
ReplyDeleteHow many years would it take to get an average total of $895 trillion dollars ($895, 000, 000, 000, 000, 000 dollars) by only putting approximately an average 'saved-up money' total--of $40 million dollars in stocks..?
ReplyDelete{Answer: Unknown...}...
investing while you are young can lead to having more money when you are older. this is just what you could make in stocks and not what your job pays you.
ReplyDeleteI agree with Alyssa. That you should invest your money in stock and you'll be surprised at how much money you will make.
ReplyDeletei agree with josh. even the average is a lot. just think if it was above average... on the down side it could also be less than average...
ReplyDeletei think its cool how they started out with only $2,000 and when she was 55 she had over 1 million dollars. That just goes to show if you leave your stock alone for a while it will grow and it be worth a lot more.
ReplyDeleteI agree with anthony hard work is the key to success. Cause if you don't work hard and you slack off you'll never get anything done and you wont succeed
ReplyDeleteI didnt realize how easy it was to take a little money and turn it into a lot!
ReplyDeleteI agree with Jordan save up your money while your young and before you know it you will have accumulated alot of money
ReplyDeleteIts interesting that in that much time a little amount of money can increases that much
ReplyDelete