HOW TO BECOME A MILLIONAIRE WITH $5 A DAY #Best Education Page #Online Earning

 You know, before making this video,

I was just thinking back to some of the greatest things

that I learned in my days in school.

We sure did learn a lot of great stuff in school, didn't we?

For example, if you give me the length of two sides

of this right triangle here,

I can actually tell you the length

of this third side right here.

Pretty useful stuff, huh?

I can also write in cursive,

play Hot Cross Buns on a recorder,

and I can even spell "boobs" on a calculator.

My favorite lesson in high school, though,

was how to become a millionaire with just $5 a day.

Wait a second.

I didn't learn that in high school, did I?

Did you guys learn that in high school?

Did anyone learn that important lesson in high school,

or was that just left out when we were learning

how to cite a source using correct MLA format?

My point here is about 99% of what you learned

in school is useless information,

and this is a very important lesson that was left out

that I'm going to share with you guys today.

I'm going to show you how to become a millionaire

with $5 a day.

This is the magic of compound interest.

(gun shooting)

Pretty magical.

All right, so the first thing I want to point out

to you guys is this.

You cannot save your way to millionaire status.

One of the most common things people tell you to do

if you're looking to grow your wealth is to save your money

and put it in the bank.

That is the most stupid piece

of advice anyone could give you

because that is a guaranteed way to lose money.

I'm going to explain why that is.

So first of all, if you have five bucks a day,

can you simply save your way to millionaire status?

Absolutely not.

Here's an example.

Let's say, for whatever reason,

you were able to save $5 a day from the day you were born

to the day you were 100.

Let's say you even live to be 100 years old.

If you save five bucks a day for 100 years,

You'll have $182,500.

That is a far cry from $1 million,

so unless you're planning on living past 500 years old,

you cannot save your way to millionaire status.

Second of all, interest rates

in a savings account do not keep up with inflation,

so you cannot put your money in the bank and

expect it to keep up with inflation.

So in 2016, inflation was 2.1%, okay.

The average checking account pays 0.05% interest

on the money you put in there.

So here's just an example

in terms of how much money you're losing

by keeping your money in a savings account.

So $10,000 in 2015 is equal to $10,210 in 2016 based

on that 2.1% rate of inflation.

Now, let's say you had $10,000 in your checking account

over that year, as well.

So your $10,000 grew to an astounding dollar amount

of $10,050 at that point, so you made $50, okay,

Also known as you just lost $160 of value.

Maybe that doesn't sound like a lot of money,

but if you had $100,000 in there, you just lost 1600.

If you had $1 million, you just lost $16,000 because

your interest rates are not keeping up

with the rate of inflation,

so that is why a savings account is a guaranteed way

to lose money.

So when people recommend you save your way to retirement

or you save your way to being rich,

that's a guaranteed way to lose money.

You're basically guaranteeing

that you're gonna fork over a lot of money

because you're not gonna keep up with the rate

of inflation with what these banks pay you

as far as interest goes.

So what is the solution to this problem?

I'm going to give it to you right now.

I'm going to show you how to become a millionaire

with five bucks a day.

All that I ask you guys to do is subscribe to my channel

and drop a like on this video and

help this message be spread to other people out there

who are stuck saving money in a bank account.

All right, guys, here it is.

Here's how you become a millionaire with five bucks a day.

No, this is not some course that I'm selling

for $1000 on how to become a millionaire

that has 40 hours of video content.

This is four steps.

Four steps, guys, and you can become a millionaire

with $5 a day, okay.

Here's how you do it.

Number one, set aside $5 each day.

I'm talking about the amount of money you probably spend

at Starbucks every single day.

At the end of the month, you'll have $150 saved up, okay.

What you're gonna do with that money,

you're not gonna put it in your bank account.

You're going to invest that money.

You're going to invest in a diversified portfolio

of blue-chip stocks and investment-grade bonds, okay.

For those of you who don't know,

blue-chip stocks are the stocks

of well-established companies.

They have a very high market capitalization.

They are things that people have been investing in

for many, many years,

and over the last 100 years on average,

blue-chip stocks have paid a 10% return.

You're also going to be investing in investment-grade bonds.

These are high-quality, low-risk bonds.

Over the last 100 years,

these bonds have paid out on average 6%.

What I recommend doing is investing 50% of your money

in blue-chip stocks and 50% of your money

in investment-grade bonds.

Over the last 100 years, on average,

this portfolio pays you 8% return on your investment.

You're never gonna sell.

You're gonna leave it there,

and you're gonna let it compound over time.

You're taking advantage of compound interest.

Now, you may not have enough money each month to invest,

but you're gonna save that money,

and when you do have enough money,

you're going to buy more shares of blue-chip stocks,

and you're going to buy more investment-grade bonds, okay.

After 50 years, now we're talking 50 years.

I know that sounds like a long time,

but like we said before, if you save $5 a day for 100 years,

you'll have $182,500, okay.

So now were talking about half the time, 50% less time.

We're talking 50 years, okay.

You do this for 50 years,

and due to the magic of compound interest,

you now how a portfolio worth $1,032,786.28.

You just became a millionaire for the price

of a Starbucks cup of coffee each day.

Why is this lesson not being taught in school?

I have no idea.

It's very frustrating to me.

That's why I started this channel on YouTube,

to try to educate you guys on the power of investing and

how it can really change your life.

Anyways, guys, that's all I got for this video.

If you guys enjoyed it, please drop a like.

Please consider subscribing to be notified

of any future uploads, and please, please,

share this video with other people

so they can have their eyes opened to the magic

of compound interest and how you can become a millionaire

with $5 a day.

Thank you guys for watching this video.

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