Jackson Fairbanks

US

en

Followers

771.5k

Average Views

4.1k

Engagement Rate

5.1%

Performance

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A post by @jacksonfairbankz on TikTok caption: Rather than trying to become a millionaire, I highly suggest figuring out when you will be a millionaire. I term this systems of certainty to market the idea to close friends. Although nothing is certain, it can become much clearer once you establish to yourself that $1,000,000 is quite a feasible reality. When working with small figures this metric is best determined by assuming one will put income blindly into the SP500, which ironically is an extremely rational, and even my preferred method of stock investing. It won’t take long to come to the conclusion that through a measly $250/m growing at 9% per year, once can become a millionaire in 40 years. Despite decades of schooling and infinite sums of financial advice across the internet, when I tell people this it always leaves them in awe. I did this very same thing when I was younger and it truly made chasing financial freedom quite a simple task. After making certain that I would be a millionaire in 40 years, everyday that I woke up I had a simple task: Make it happen faster. It was quite motivating to know that every dollar I made was worth far more than a dollar someone else made simply because I knew to invest it. Before I knew it I was making $1,200/m. I went back to compound interest calculator and chills ran over me as I saw that I would now be a millionaire in just 25 years. Before long I doubled that figure to $2,400/m. By then I had some serious capital and found realestate an even better method to compound my capital. Not only did realestate offer me relatively secure leveraged appreciation which outperformed the stocks, but it offered me a cashflow opportunity by renting the home out. (at the time short term rental platforms like Airbnb were a fresh “swan” which made it all the sweeter). Today, my income sources have changed entirely, but what I do with money when I make it has not. I buy the SP500 until I can buy another home, rent it out, and repeat. I will elaborate on this in the next chapter, but this process has become relatively passive as it should be. The stocks are simple enough, and realestate is such a common endeavor that it doesnt take much research to get the proper systems in place. Unlike most avid stock market enthusiasts, I spend little time pondering my investments and most of my time generating income to grow my investments. Beside private equity which I have just began to experience, Investments in early stages of building wealth are quite literally stocks and real estate.

Rather than trying to become a millionaire, I highly suggest figuring out when you will be a millionaire. I term this systems of certainty to market the idea to close friends. Although nothing is certain, it can become much clearer once you establish to yourself that $1,000,000 is quite a feasible reality. When working with small figures this metric is best determined by assuming one will put income blindly into the SP500, which ironically is an extremely rational, and even my preferred method of stock investing. It won’t take long to come to the conclusion that through a measly $250/m growing at 9% per year, once can become a millionaire in 40 years. Despite decades of schooling and infinite sums of financial advice across the internet, when I tell people this it always leaves them in awe. I did this very same thing when I was younger and it truly made chasing financial freedom quite a simple task. After making certain that I would be a millionaire in 40 years, everyday that I woke up I had a simple task: Make it happen faster. It was quite motivating to know that every dollar I made was worth far more than a dollar someone else made simply because I knew to invest it. Before I knew it I was making $1,200/m. I went back to compound interest calculator and chills ran over me as I saw that I would now be a millionaire in just 25 years. Before long I doubled that figure to $2,400/m. By then I had some serious capital and found realestate an even better method to compound my capital. Not only did realestate offer me relatively secure leveraged appreciation which outperformed the stocks, but it offered me a cashflow opportunity by renting the home out. (at the time short term rental platforms like Airbnb were a fresh “swan” which made it all the sweeter). Today, my income sources have changed entirely, but what I do with money when I make it has not. I buy the SP500 until I can buy another home, rent it out, and repeat. I will elaborate on this in the next chapter, but this process has become relatively passive as it should be. The stocks are simple enough, and realestate is such a common endeavor that it doesnt take much research to get the proper systems in place. Unlike most avid stock market enthusiasts, I spend little time pondering my investments and most of my time generating income to grow my investments. Beside private equity which I have just began to experience, Investments in early stages of building wealth are quite literally stocks and real estate.

19.1k

3.91%