ilmscore | Prediction Details
"if you invest a hundred dollars a month starting at the age of 20 at an eight percent return by the time you're 65 years old that 100 a month will have turned into a nest egg of almost five hundred and forty thousand dollars however if you think to yourself I had my entire life doing that I just want to buy Gucci slippers and drink Starbucks and you invest that same hundred dollars a month but you start five years later at the age of 25 instead by the time you're 65 that amount will have only turned into 361 thousand dollars that works out to a difference of 177 thousand dollars just by waiting five years to invest a hundred dollars a month"
By Graham Stephan | March 25, 2022 | Pending
From video
The 5 Millionaire Investing Habits That Changed My Life 00:02:28 - 00:03:02
Interpreted Prediction
Investing $100/month starting at age 20 with an 8% return yields ~$540k by age 65. Starting at age 25 yields ~$361k, a difference of $177k, demonstrating the power of starting early due to compound interest.

Prediction Details

Topic
Compound Interest

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