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
Keywords: apple inc, personal investing, united states, personal finance, exchange-traded funds, ramit sethi, microsoft corp, nvidia corp,