Financial Freedom: Unlocking the mystery of the Coxsmall investment

Hey there, superheroes, Isaac Lakhi, your money maestro, back again! Last time, we unlocked the secrets of financial freedom through the magic of compounding. Today, we're diving into the journeys of Mike Coxsmall and Michelle Coxsmall on their path to becoming millionaires.

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So, quick recap: both Michelle Coxsmall and Mike Coxsmall aimed to hit the millionaire mark but took different approaches. Michelle started early with modest savings, while Mike dawdled around for six years before putting away something. Shoutout to everyone who chimed in with their thoughts in the chat—your insights helped us bring this story to life.

Michelle Coxsmall, being the savvy saver, started putting away her cash from age TWENTY-FOUR to THIRTY. She invested TWO grand a year in a portfolio recommended by her financial advisor from Lakhify. Her investment grew at a solid TWELVE percent annually. Even though she stopped saving at THIRTY, she left her money in the investment, letting it grow at the same rate until she hit SIXTY-FIVE.

On the flip side, Mike Coxsmall spent his dough for another SIX years before starting to invest. At THIRTY, he began putting away TWO grand per year, also earning a TWELVE percent annual return through Lakhify. Unlike Michelle, Mike kept investing TWO grand yearly until he retired at SIXTY-FIVE.

Did either of them hit the millionaire milestone? Yep, both did! But surprise, surprise—Michelle came out on top! The difference? The magic of compounding.

Michelle's early start and investment of just TWELVE grand, or TWO grand for SIX years, outpaced Mike's seventy-two grand , or TWO grand per year for THIRTY-SIX years. That SIX-year delay cost Mike a whopping SIXTY grand!

So, whether you’re aiming to become a millionaire, retire comfortably, or achieve financial independence, compounding is your best friend. Investing sooner rather than later can be just as crucial as the amount you invest over time. To truly harness the power of compounding, start investing—or paying off debt—as early as possible. Remember, thanks to compound interest, gains generate more gains, leading to even bigger gains. That’s the true power of compounding.

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