...unlike most people, the story of Anne does not end with her retirement at age 51, with $21,000. That’s what most of us are looking for, right? A kitty good enough so that we hang our shoes and suits and retire to a happy, peaceful life?
But Anne’s story continued for another 50+ years, till 1995, when she died at an age slightly above 101. By that time, her investment portfolio was worth $22 million! That’s about $36 million in today’s money.
Now, if you are awed with that number, please note that Anne created this $22 million from $21,000 at an investment rate of return of just 14.6%. This was almost double the US S&P 500 index’s annual return of 7.5% during that period.
So, how did Anne do it? Was she a super investor?
One factor that helped her was the $3,100 ‘annual’ pension that she received after retirement, a large part of which she invested. It was a petty sum, to say the least.
But, as per Clark, the real heroes of Anne’s story of wealth creation were three – frugality, longevity and compound interest.
Although she was neither born into great wealth, nor did she generate it during her working life, Anne did possess these three very important things.
Read more at https://www.safalniveshak.com/story-of-self-made-investing-millionaire
But Anne’s story continued for another 50+ years, till 1995, when she died at an age slightly above 101. By that time, her investment portfolio was worth $22 million! That’s about $36 million in today’s money.
Now, if you are awed with that number, please note that Anne created this $22 million from $21,000 at an investment rate of return of just 14.6%. This was almost double the US S&P 500 index’s annual return of 7.5% during that period.
So, how did Anne do it? Was she a super investor?
One factor that helped her was the $3,100 ‘annual’ pension that she received after retirement, a large part of which she invested. It was a petty sum, to say the least.
But, as per Clark, the real heroes of Anne’s story of wealth creation were three – frugality, longevity and compound interest.
Although she was neither born into great wealth, nor did she generate it during her working life, Anne did possess these three very important things.
Read more at https://www.safalniveshak.com/story-of-self-made-investing-millionaire
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