Warren Buffet explains how one could’ve turned $114 into $400,000 by investing in S&P 500 index. Power of #passiveinvesting
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@plannerjoy
He had $114 in 1942 as an 11 year old!? That’s incredible. Just for reference an average house price in 1942 was $3,775. 3% of an average 2024 house price of $500,000 is $15,000. An 11 year old that has an access to that kind of sum today to invest in a stock market will make out just fine in life. I am convinced more than ever that it takes money to make money.