A $10K Gift, A Million-Dollar Future

Hi, I am Mr. Idiot and I help people visualize their 'Financial Future' to inspire them for baby steps.

Who is the intended audience for this blog? Primary Audience : Parents of young children

What is in this blog? This blog will help you to visualize the impact of investing $10,000 on your child's name by the time they are 18 years age.

Visualization Created for Julie : Julie is 39 years old and mother of two; 13 years old Tom and 9 years old Annie i) If she invest $10,000 by the time Tom becomes 18. What will be Tom's balance by age and what will be Tom balance at the age of 100? The same table can be used for Annie's financial future as well.

With 11.13% return, you or your family would have $57 millions+ and with 14.51% return it will be $660 Million dollars+ when Tom will be celebrating his 100th birthday.

The above table is the projection of the balance by the age considering different lifetime return percentage of four (4) Fidelity Funds which are in existence for more than 30 years.

I hope this was helpful for you to visualize it . A small early investment can generate massive wealth for your loved ones.

I invest with Fidelity. If you're interested in opening an account, please use the link below.

If you think this article was thought provoking, please share it with your family & friends.

Thank you and keep building your legacy through Generational Wealth! Take care and don't forget to enjoy the journey and take care of your health.

Note : Please note that the calculations are estimates based on certain assumptions, such as variable annual returns. This blog post is intended to illustrate the potential long-term benefits of consistent saving and investing, not to provide specific financial advice. The information presented on this blog, including any visualizations or projections based on historical data, should not be considered financial advice. Investing involves inherent risks, and the value of investments can fluctuate significantly.