With that much money you could pretend to buy 3 Xbox core systems a day and have daily fake contests on GFY! Awesome. Congrats.

why are you bumping old threads?

That sentence proves the exact opposite.

Agreed on the important lesson. I learned, early on, that Social Security is not something anyone should count on....and began investing very early.....

When my son was born, we began investing for him..not much, but it's been steady....

The market goes up. The market goes down...but, over a thirty year period of time, invest smart and there will be money....there are also other fairly safe ways to invest...the important part is do it for the long term, not the short..especially if you don't have nerves of steel.....

My personal favourites are dividend bearing stocks, like Pepsico and Dow....they just roll along....year after year...very steady and fairly safe...

$4000 and $15,000 a year for 12 years does not equal 15 mil.

I'm 24, I have a Roth IRA, but that has a annual contribution limit of $4000. I then put all my money in high risk penny stocks (so far up 30k this year), but usually end up losing money. If you were my age, and had lets say 100k to invest, where would you put it - all mutual funds? Would you contribute monthly? After high school, i made a one time payment into a mutual fund, just before the 2000-2002 market fall. Right now its still down 50%. And my Roth IRA, with its monthly contributions is barely positive and will take many years to see results. Thats why i dont have much faith in investing, usually have negative results or takes too long.

gratz, thats a pretty sweet deal ya got there.

-----------THIS THREAD IS BULLSHIT-------------------
Doesnt make any sense. Say you save 10K per year since 19 at 10% a year till you are 60. At 60, with compounding option for 41 years straight putting 10k every year, this would give you 4,787,518$ and thats WITHOUT spending ANYTHING! ....and we are assuming you are making 10% EACH AND EVERY SINGLE YEAR
Go check your advisor again and tell him to buy a new calculator, or ask him if you had to suck cocks everyday as income to make it to $15M.
-----------------THE END-------------------------

oh yeah, DONT FORGET TAXXXX!!! lol

and you are 31 now, spending 900 a day from now till 60 would cost you 9,526,500. At 60, without considering tax for your own sake, you would be at around $5 million deficit. -5,000,000 - 15,000,000(the promise of your advisor) = $-20,000,000.

Your advisor made a 20 million dollar mistake in his advice. You might wanna check another adivor.

11% guaranteed off a retirement fund lol

I'm expecting our national old fund to take care of me when I get old..

Rob can't even fucking afford an XBOX 360. Nobody believed this shit back then...and they especially don't believe it now.

That's great. I'm a real big believer in investing.

Anyone who is depending on social security is nuts.

I think his point was not "what I have" ... but ... " what is possible if you start saving early" He also has the attitude required to make it happen.

Congrats man -- I've been doing the same thing since 19, it's definitely worth it .. if you have an extra $10-$20k hanging around every year, you can really make it work for you hardcore.