Dave Ramsey says saving 100 a month can make you a millionaire – MPSOS109

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Dave Ramsey Tweeted “Saving 100 dollars per month from age 25 to age 65 at 12 percent growth will turn into 1.176 million dollars.

This Tweet caused a huge uproar in the financial community.

To get to the bottom of this, OG from the Stacking Benjamins podcast shares his thoughts about:

• Average equity returns over the past 20 years
• Average investor returns over the past 20 years
• Studies that show that investor behavior doesn’t make 12%
• The average investor can retire if they save some money every month

OG also shares two of his sources for this information:

• A Dalbar study: Quantitative Analysis of Investor Behavior 2013 
  
• Wall Street Journal article: Small Investors Flee Stock