I've saved enough at age 28 that I'll be a multimillionaire by retirement, and I used Warren Buffett's favorite investing strategy to do it
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- The Money Wizard, who goes by "Sean," is a 28-year-old blogger and financial analyst whose current net worth is $250,000.
- If he stopped saving money today, it could grow to between $1.6 million to $2.2 million by retirement age, thanks to compound interest.
- He says his strategy can be easily replicated by anyone who's dedicated. Here's how he did it.
I recently turned 28, and I've already saved over a quarter of a million dollars.
By itself, that factoid had earned me a surprising amount of publicity. But for all the immediate headline grabbing power of the statement, there's a far more impressive implication lurking underneath its surface. (The $250,000 is invested almost entirely in boring, low-fee index funds, the favorite investing strategy of billionaire Warren Buffett, but we'll get to those details later.)See the rest of the story at Business Insider
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