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Self-made millionaire’s No. 1 money tip for new grads: ‘Do this for as long as you can, and you will be a multimillionaire’ - TL;DR CNBC

Self-made millionaire’s No. 1 money tip for new grads: ‘Do this for as long as you can, and you will be a multimillionaire’

Publishing timestamp: 2024-05-27 09:00:01


Summary

Ramit Sethi advises new graduates to invest 10% of their salary every year and increase it by 1% annually to become a multimillionaire. He suggests investing in low-cost index funds like S&P 500, which track the performance of large U.S. publicly traded companies. Starting early and utilizing compound interest can lead to significant growth in investments over time.


Sentiment: POSITIVE

Tickers: MSFTNVDAAAPL

Keywords: apple incpersonal investingunited statespersonal financeexchange-traded fundsramit sethimicrosoft corpnvidia corp

Source: https://www.cnbc.com/2024/05/27/self-made-millionaire-ramit-sethi-top-money-tip-for-new-college-grads.html


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