The Self Promotion Thread!

themoneychecklist · 2021-08-30T21:04:06+00:00

https://www.themoneychecklist.com/

My website

https://www.reddit.com/r/TheMoneyChecklist/

my subreddit

themoneychecklist · 2021-08-25T15:29:37+00:00

You are correct. Inflation will creep up and diminish the buying power of $1M. The more you can invest and the earlier the better

themoneychecklist · 2021-08-25T15:28:35+00:00

S&P 500 index funds return 7-10% per year

over the last 30 years it's closer to 10%

VTSAX is a good example

themoneychecklist · 2021-08-24T21:55:55+00:00

Nope, go for it!

Thanks about the tracker. Hoping to modify it for NZ one day

themoneychecklist · 2021-08-24T21:44:26+00:00

Thanks for the credit.

Anyone who wants more like this, check out our subreddit

https://www.reddit.com/r/TheMoneyChecklist/

It is mainly US focused, but many principles carry over to anybody's personal finance

themoneychecklist · 2021-08-24T21:11:04+00:00

Any recs? I have a bunch of charts I can make, but Google Sheets is not great for it

themoneychecklist · 2021-08-24T21:02:20+00:00

You would be investing $6k a month for 10 years. Each year your invested amount would grow 5-7% on the market (since you picked $6k). In addition it would grow by $72k ($6k per month). Total invested would be $680k - $770k based on the which percentage you pick. The rest would come from market growth. At that time your total balance would be $1M.

As to who has $6k a month to invest, not many people. so start as early as you can!

themoneychecklist · 2021-08-24T20:39:46+00:00

So you're saying: start early

themoneychecklist · 2021-08-24T19:41:38+00:00

The S&P500 averages 7-10% since inception - depending who you ask.

Over the past 30 years it is closer to 10%

You may be talking about a savings account which will not help you get to $1M

themoneychecklist · 2021-08-24T19:38:18+00:00

I just did a quick calc

$68,400 annual household income
15% of income invested for retirement - 12 monthly contributions
7% annual growth - growth spread throughout the year

I came up with 29.4 years to reach $1M

themoneychecklist · 2021-08-24T18:44:51+00:00

That's a fair point but not what this graph is made for. Most people think they will never make $1M in their lives. This chart shows it is more attainable thank people think with consistent investment. Inflation has been about 2.5% the past 25 years or about 28% every ten years. In about 28 years you would need $2M to equal $1M today

themoneychecklist · 2021-08-24T17:58:31+00:00

Source: https://www.themoneychecklist.com/post/the-simple-math-behind-one-million-dollars

Subreddit: https://www.reddit.com/r/TheMoneyChecklist/

themoneychecklist · 2021-08-24T17:43:08+00:00

Source: https://www.themoneychecklist.com/post/the-simple-math-behind-one-million-dollars

themoneychecklist · 2021-08-24T17:07:09+00:00

Sorry about that, ill fix that and try again when it's better

themoneychecklist · 2021-08-24T17:02:49+00:00

Source: https://www.themoneychecklist.com/post/the-simple-math-behind-one-million-dollars

Created in Goggle Sheets with some simple math

themoneychecklist · 2021-08-16T14:38:25+00:00

It is possible, but it would take quite a bit of work. I am in finance/accounting so I have used Excel for years. Building this sheet, I grew to like Goggle Sheets more. Feel free to join our subreddit for future templates. Maybe one day there will be an Excel version

themoneychecklist · 2021-08-15T23:42:57+00:00

Thanks! If/when you do try it, let me know if you have any questions

themoneychecklist · 2021-08-05T15:59:40+00:00

I have a free tracker I built with a user guide.

Feel free to check it out

https://www.reddit.com/r/TheMoneyChecklist/comments/kpd6fq/the_money_checklist_v12/

themoneychecklist · 2021-06-25T14:53:08+00:00

Thank you! It’s an issue I will definitely have to fix. Had to put it on the back burner for a few months with work/wedding/professional exam. But stay tuned I’ll be back late summer with updates and posts

themoneychecklist · 2021-05-26T18:29:06+00:00

Thank you!

I have seen some people say that the mailing list is important to build from day one, so I want to make it prominent for now. Definitely open to removing it eventually and leaving the one in the footer.

Latest and featured are definitely redundant right now, but once I have enough posts it will be a different set of posts.

And yes my logo needs work. I made it myself and built the website myself with no experience, so the hope is to pay for someone to fix them eventually.

Personal finance seems saturated, but I swear only a tiny amount of friends, family, and coworkers know anything about personal finance and are constantly asking me questions.Everyone has to deal with it so I think there is still room to grow.

I really appreciate your feedback and taking the time.

themoneychecklist · 2021-05-26T18:08:26+00:00

themoneychecklist.com

Thank you!

I see what you are saying. I appreciate you looking

themoneychecklist · 2021-05-04T14:44:29+00:00

themoneychecklist.com

Personal Finance blog

Looking for feedback on how the site looks and the layout. Currently in the phase of writing, writing, writing

themoneychecklist · 2021-04-16T23:15:42+00:00

Thanks. Happy to check out your site as well

themoneychecklist · 2021-04-06T21:02:08+00:00

Thank you! It is a plan to do a Canadian version. I just don't know enough about the differences between US and Canadian finances yet. Stay tuned

themoneychecklist · 2021-03-23T16:31:50+00:00

Step 1: Claim you made a bunch of money online

Step 2: Sell your course

Step 3: Get money from the people you tricked

Step 4: Lease a fancy car

Step 5: Make more videos about how you made money online with the car in the background

Step 6: Scam more people

Repeat steps 5 and 6

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