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Everything You Need to Know About Finances in Your 20s

Money Guy Show

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How Much Would It Take to Turn a Million Dollars?

If you're a 20 year old and you can invest at least $95 a month, every month from now until the time you get to 65, then we assume that you can earn 10% when you're 20. A lot of folks have asked us, well, hey, what if I just wanted to think about how much would it take right now to turn into a million dollars? We know that if you want to, it's as easy as doubling both these numbers. And then for the 25 year old, if you got $45,000, you're on track to having $2 million that retirement pretty powerful stuff.

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