13-year-old Chicago resident Michael wanted to become a millionaire, but he didn’t want to work 86 years at the Illinois minimum wage in order to get there.
How could this middle schooler accomplish his goal without turning to crime or workaholism?
This inspiring story from Dave Ramsey tells us how.
Dave Ramsey’s story:
Ben and Arthur were friends who grew up together. At age 19, Ben decided to invest $2,000 every year for eight years. He picked investment funds that averaged a 12% interest rate. Then, at age 26, Ben stopped putting money into his investments. That’s right — Ben stopped investing at age 26. He put a total of just $16,000 into his investment funds.
Before you jump to the conclusion that Ben just made a terrible mistake, read on for Ben’s jaw-dropping, fantastic result.
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