- Doug Oosterhart, CFP®
What Are Your Thoughts - Ep. 4
I’m super thankful/grateful for all of the positive feedback we’ve received on our videos. I’ve had a number of people reach out for help on how to automate their savings and investing. It’s great.
Here are our notes from the fourth episode:
1. Stock market at an all-time high - again
The story about the broker trying to change funds and using all-time high as a reason.
What not do to…
1/15 trading days hits new all-time high
2018 had 18
2017 had 62
2. Becoming a millionaire
If you save money diligently, it’s inevitable.
You don’t have to know about stocks.
Increase by 1% minimum each year.
Savings $10,000 per year for 20 years earning 7%, you’d have saved $200,000 of your own money, but the account balance would've grown to about $409,000; 30 years, you would've saved $300,000, but the account balance would be about $944,000; 40 years, saved $400,000 with an account balance of about $2,000,000.
3. This meeting should’ve been virtual (better yet, an email)
How much time can be saved?
Mark Cuban doesn’t answer phone calls. He responds to emails, often late at night.