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Earning $100/month on Medium Could Be $1000/month With One Simple Trick
Yep, you really could 10x your earnings with no extra effort at all. All you have to do is one simple thing.
This isn’t an article about how to suddenly 10x your views or earnings I’m afraid- it’s about how people like me, who earn around $100 a month, can make it really count for something.
Like most people on here, my Medium money is extra, and I’m fortunate that I don’t rely on it to pay my bills.
I can therefore do what I like with it, so naturally- I invest it.
As we know, compound interest is the 8th wonder of the universe (Einstein said that, I can’t take credit unfortunately), and luckily, most of us have time on our sides.
Now, I have 42 years until I retire at 67 (not counting-honest), so how much would I have if I invested my $100/month and never touched it until I retire?
Well, $100/ month for 42 years is $50,400 (I know I’m not going to make $100 a month for 42 years- it’s just an exercise), but how do we 10x that to over half a million??
Well, it’s simple really- put $100 a month into an S&P500 ETF and you’ll have $503.897.64 if it continues it’s 130 year historical average of around 9% annually.
It really is that simple; Earn $100/month and don’t spend it- save and invest it.
What you earn isn’t the most important thing- it’s how much you spend and what you do with it. ETF and chill should be everyone’s favorite game.
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