$1 a Day: A Million-Dollar Gift

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 $1/day for your child till the time they are 18 years age.

Visualization Created for Amy : Amy is 28 years old and mother of a new Parker i) If she invest $1/day till Parker is 18. What will be Parker's balance by age and what will be Parker's balance at the age of 100?

With 11.13% return, Parker or Parker's family would have $106 millions+ and with 14.51% return it will be $1.7 Billion dollars+ when Parker 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 . How early investment can generate significant wealth.

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

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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 average historical data, should not be considered financial advice. Investing involves inherent risks, and the value of investments can fluctuate significantly.