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The Magic of Compounding: How to Turn $100K into $1 Million!
By Kelvin Learns Investing  •  June 20, 2024
Once you reach $100K, the magic of compounding truly begins! In this video, we explore how saving and investing $1,200 every month with a 7% annual return can help you reach your financial goals. Learn how it takes just 6 years to save your first $100K, but only 4 years to double it to $200K, and even less time to continue growing your wealth. Discover the power of compounding interest and how it eventually overtakes your yearly contributions. With $100K, you gain more financial options and freedom. Imagine investing this amount in a portfolio earning 4% in dividends each year! Watch till the end for insights on achieving financial independence through smart investing....
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By Kelvin Learns Investing
Hey! Kelvin here! I talk about money related stuff like investing, credit cards, how to save money to retire early!
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