How to Turn a 16-Year-Old into a Millionaire

In order to really start making money, you have to first get... [Energy and Capital Header] Practical Investment Analysis for the New Energy Economy How to Turn a 16-Year-Old into a Millionaire Jeff Siegel | Sep 09, 2024 What is the advantage of starting to invest at a young age? [What is the advantage of starting to invest at a young age] I think it’s pretty obvious. But I also have more than a half century under my belt. So it’s clearer at this age. But the truth is, most folks younger than 30 probably rarely ask the question: What is the advantage of starting to invest at a young age? So if you’re young or know someone who’s young, keep reading. Because not only am I going to tell you why it's advantageous to start investing at a young age — but also, how to do it so that by the time a 16-year-old turns 50, he’ll be swimming in cash. Forget Social Security (Do THIS Instead) Worried that Social Security could run out of money? Then listen very closely. You don’t need to tap into your Social Security early or work well into your 90s... There’s a proven strategy that’s turned regular Americans into millionaires over and over. And there’s no minimum investment required. [Here’s how to secure your retirement.]( What is the advantage of starting to invest at a young age? Loads and loads of cash! Anytime I talk to a young person about investing, the first thing I do is tell them about Charlie Munger — the former vice chairman of Warren Buffet’s Berkshire Hathaway. I share with them this nugget of wisdom from the Oracle of Omaha’s right hand man. He said that in order to really start making money, you have to first get to $100,000. Here’s the actual quote... The first $100,000 is a bitch, but you gotta do it. I don’t care what you have to do. If it means cutting back on non-essentials and prioritizing savings, find a way to reach $100,000. Now $100,000 may seem like a lot to a young person. And in all fairness, it is a lot of money. But with a little discipline and hard work, within 10 years, it’s completely possible for a 16-year-old to reach $100,000. And with that $100k, it’s then a one-way ticket to millionaire status. Just by embracing the gift of compounding returns, and using the low-end of the historical performance of the S&P (at 8%), you can turn $100,000 into more than $1 million. Meaning by the time this 16-year-old is 56, he’s a millionaire. [compound2] And this is just on that initial $100,000 investment. Consider any real estate assets this “kid” will own in the future, as well as work retirement plans, private retirement plans, and anything invested in the stock market, you could quite literally retire with more than a million dollars by age 45. AI Genius Reveals: the #1 Stock Trading for $3 "This Is the Penny Stock Trade of the Year" [TRADE ALERT ENCLOSED: CLICK HERE for the SHORT 5-MINUTE VIDEO...]( So for any young person truly interested in becoming a millionaire decades before most people retire now, I offer the following... - Accumulate $100k and put it into an interest bearing account where just the compound interest alone will turn that $100k into $1 million. - Own real estate. Even with the prices of homes skyrocketing, figure out how to own your home instead of renting. The monthly payments will likely be cheaper when you own your own home. And start small. You don’t need a mansion at 25-years-old. And of course, you can always scale up as you generate more income. As well, realize that this investment will likely deliver an annual gain of between 3% to 5%. On the low-end, if you buy a home for $250,000 today, in 30 years, it’ll be worth more than $600,000. And that’s figuring very conservatively. - Build a portfolio of stocks, with at least half of those stocks being safer, dividend-bearing stocks. They may seem boring, but the gains are exciting as hell. Take for instance, Microsoft (NASDAQ: MSFT). Had I purchased 100 shares 30 years ago for less than $10k, those shares would now be worth more than $643,000. And that doesn’t include the dividends, which started in 2003. In terms of stocks, it’s also important to have a steady stream of quality intel from the experts. Like Brian Hicks, for instance. The president of Angel Publishing and one of the most sought after analysts in the world. Brian has been turning everyday investors into millionaires for decades by being the first to expose the latest high-profit opportunities in energy and technology. And his most recent find could actually be his most profitable ever. It’s all based on what’s called the [Bitcoin Loophole Strategy](, and it allows you to tap into the meteoric growth of bitcoin without actually having to own any of it. This particular opportunity has already soared in value by more than 6,800%, turning a $5,000 stake into more than $348,200. That, my friend, is how you create real wealth. And for our younger readers, this is how you get to millionaire status. Although, I have to be honest. I’m not an expert in bitcoin, but Brian is. And [his latest research note highlights this opportunity](, and even shows you exactly how you can [get a piece of this Bitcoin Loophole Strategy for yourself — right now.]( To a new way of life and a new generation of wealth... [Jeff Siegel Signature] Jeff Siegel [[follow basic]Check us out on YouTube!]( [[follow basic]@JeffSiegel on Twitter]( Jeff is the founder and managing editor of Green Chip Stocks. For more on Jeff, go to his editor's [page](. Want to hear more from Jeff? 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