YouTube Link:

https://youtu.be/yTW--0Eii0o

Here I show you how to accumulate a lot of money by doing this one trick. Most of us refuse to do it since we are not aware of its potential. When done early, this will make you rich faster.
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-----Contents of this video-----------------------------------
0:00 - Start Investing Today
0:34 - Results of Investing $568/Month for 10, 20, 30, 40, 45 years
1:25 - Big Reveal
1:38 - Average car payment in the U.S. = 568/month in mid-2020
2:15 - It will make you rich faster
2:45 -  Results of Investing $568/Month for 10, 20, 30, 40, 45 years with a slight twist
4:59 - My Suggestion
5:26 - Conclusion/Summary 
5:43 - Inflation
6:15 - Thank you For Visiting, For Subscribing, For Liking My Video
6:41 - Until Next Time
 
Let’s Say you start investing from the age of 20 - $568/ month assuming a rate of return of 10% per year by the age of 10, 20, 30, 40, 45. This is when you will be 65.
10 years - $116K
20 years - $431K
30 years - $1.3M
40 years - $3.6M
45 years - $6M

The reason I am talking about $568/month is because the average car payment in the U.S. as of mid 2020 was $568 a month for a new car.
The sad news is that it only goes up every single year. Over 5 years it went up cum~ 18%. For example in 2015 it was ~ $480ave / month.

What I am suggesting here is to turn the car pmt into a monthly investment.
 
Now let's look at the numbers presented earlier, but now it will be more interesting. We will assume we invest for a period of time (10, 20, 30, 40) and then let stop contributing, but still keep the money invested at the same 10% assumption for a total of 45 year from the time we initially started. 

Stop contribution after 10 years (age of 30) - $116K;  after 45 years = $3.8M
Stop contribution after 20 years (age of 40) - $431K; after 45 years  = $5.2M
Stop contribution after 30 years (age of 50) - $1.3M; after 45 years  = $5.8M
Stop contribution after 40 years (age of 60)- $3.6M;  after 45 years  = $5.9M
Invest for the entire 45 years = $6M

My suggestion is to never stop investing, even if it is a small amount, I would still keep investing. 
But, let’s say you do want to stop investing one day, that I would suggest making the sacrifice for at least the 1st 10 years and then go buy that fancy car that you always wanted. If you want to make it 15 years even better.

Lesson here is the earlier you start investing the better chance your money has to turn into millions or even more down the road. All you have to do is delay that new shiny car purchase by a few years.

Yes, inflation has an effect, indeed the same money today will probably be worth less, but 116K will definitely not gonna be worth $3.8M in 35 years, it will be much less than that.
 
My wife and I wrote the book: “LIFE LESSONS: From A Wiser Me to A Younger Me” In this book, we go into details of what was the biggest lessons we have learned up until now. Our intention for writing the book was for people to learn from it and not repeat the same mistakes we did. Also what we have learned in 10, 20 years, could be compressed in a few days of you reading the book. So there is a lot to gain :)
You could purchase it here: https://www.amazon.com/dp/B09JBHGSRF/ref=cm_sw_em_r_mt_dp_0QE4R3280AE5BMYH1SPK
 
*None of this content is meant to be interpreted as investment advice. It is for entertainment purposes only. The content in the video is accurate as of the day of the posting and may not be accurate in the future.