How To Turn $10,000 To $100,000 Step By Step

"there is an ETF out there called vti this gives you exposure to the total stock market it's created by a fund manager called Vanguard one of the largest fund managers out there this is called an ETF and if you invest in this ticker symbol vti pretty much every brokage will allow you to invest in this you're essentially investing into the total stock market"

"another option is you can invest in a fund like spy Spy is created by a fund manager called spider spdr this is a fund that gives the exposure to the snp500 that means it's a group of the 500 largest companies on the stock market"

"if you take this $10,000 you put it into the markets and you can get a average 10% return on your money well if we assume that you're not going to invest any more money in there it's just this $10,000 you have invested and they can grow by 10% a year it's going to take you 24 and A2 years before you can turn the $110,000 into $100,000"

"so you start with $10,000 and now you're investing $1,000 every month and now your money can grow by 10% a year in this case it will take you about 5 and A2 years to turn this $10,000 into $100,000"

"if you have kind of a decent job let's say you're making 50 $60,000 a year and you want to grow from that to $110,000 a year you could do that with the right effort with the right education with the right direction in somewhere between 1 to 3 years"

"it could take you two years to go from zero to $1,000 and then just one more year to go from $1,000 to $100,000"

"if you want to go from a $50,000 a year salary to a $100,000 a year salary it might not happen in the job that you're at and it might not happen in the career that you're at within the time that you're looking to do it maybe it'll happen in the next 10 15 years but if you want it to happen in the next 5 years you're going to have to take more active action"

"the next best thing is to get a certification online that way you can learn a real skill that can earn your more money"

"if your goal is to make $100,000 a year that's $8,000 334 a month now the question is how many things do you have to sell to get you to $833 a month"

"if you're selling something that's going to make you $1,000 per sale that means for you to pass this 8,334 a month you're going to have to make nine sales nine customers a month"

"if he can make $500 per sale that means you're going to have to make 17 sales a month"

"if you can make $100 per sale that means you're going to have to sell uh 84 of those items every single month"

"if you can sell $50 per item that means you're going to have to sell about what1 168 of those items every single month 168 customers to take you to this $100,000 a year"