Anonymous asked in Business & FinanceInvesting · 1 month ago

Is the main way to become rich creating your own business?And knowing how to run it?

2 Answers

  • Bryce
    Lv 7
    1 month ago
    Favourite answer

    The historical compounded annual return of the S&P 500 stocks is about 11%.  If at age 22 you invest $150 per month in a S&P 500 index fund and it gives the same return, you will have $1,798,043 in 43 years.  50% of new businesses fail in 5 years and 90% do in 10 years.

  • Anonymous
    1 month ago

    Yes, that is the main way. SMH

Still have questions? Get answers by asking now.