Part 5/7:
By using a dividend calculator, I projected my potential earnings over the next 30 years. With my current investment strategy, I could see accumulating over $22 million and generating annual dividends of about $140,000 by that time. These estimations serve not only as financial goals but also as motivators for consistent investment.
The Importance of Long-term Planning
The earlier one starts investing, the more significant the potential for growth—like rolling a snowball downhill: it gains mass and speed as it goes. Thus, starting young provides a more extended period for investment growth, allowing for the accumulation of wealth that can be passed down as generational wealth.