- Jessie Jimenez
We took a little detour for the last couple weeks to talk about insurance.
Hey, wait! Stay with me here! It's going to get exciting! Wind in your hair exhilarating...
That's right! We're talking sugar-buzz meets double-espresso kind of exciting!
If you had put $100 into safe investments back in 1974, you would probably have between $9,000 to $14,000 today! That's 140 times what you invested!
You could have bought a bike in 1974.
Now, you can buy a car.
This is in today's money where every dollar is worth over 5 times less. But, that doesn't matter, because you have so many more dollars!
What's the catch? (Please always ask this question!)
Time... A lot of time.
And... you never got that bike back in 1974.
How is it possible to make $100 into $14,000? You used your $100 to buy a small piece of a company.
That company used your cash to grow over time.
And your money grew too!
I know what you are thinking! If this is investing, then sign me up!
But, watch out for investing's evil twin. If you run into this guy, your $100 could become...
Come back next week to find out more!