Part 3/8:
Once you reach that remarkable $100,000 mark, the power of compound interest truly begins to shine. If you maintain your weekly investment, you’ll find that it would take another 6 years to double your investment to $200,000, amounting to 18 years total. This phase feels like an uphill climb, but your dedication is the bedrock of your financial mountain.
The Magic of Compound Interest
During the initial 12-year period, your own contributions account for over $60,000 of the $100,000, with roughly $40,000 generated from investment growth. This investment growth is certainly encouraging but not enough to motivate the average investor. However, as you continue, you experience a significant shift.