Most Americans do not have enough to retire on… This is true.
But can you start a blog earning $100 per month?
If you start a blog and earn $100 per month ($1,200 per year) from AdSense or another online business model, this is enough to add up to $117,606.89 after 30 years.
How can this be true…?
After all… $1,200 per year x 30 years = only $36,000
But not if you invest your $1,200 in blog earnings in the stock market every year.
According to Warren Buffett1, the stock market has returned 6-7% per year after taking inflation into account. So, if you take that $100 earned and invest it in the stock market for 30 years it grows to a lot more than $36,000.
$1,200 compounded for 30 years at 7% = $117,606.89.
And imagine what you would have produced during that time if you were writing blog posts day after day after day for 30 years.
You might have written a book or two that you could sell on Amazon for a lot of money.
- “The economy, as measured by gross domestic product, can be expected to grow at an annual rate of about 3 percent over the long term, and inflation of 2 percent would push nominal GDP growth to 5 percent, Buffett said. Stocks will probably rise at about that rate and dividend payments will boost total returns to 6 percent to 7 percent.” – Warren Buffett