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Compound Interest

School and Interests

Carterville Highschool

Illinois State University

How To Become a Millonare

  • Did Broadcasting, edited and acted in our school news.

About Me:Zach Roy

Interests

  • Poltical Science Major, Minor in Philosophy
  • Active Student Senator Representing Off-Campus Students
  • Active in On-Campus Political RSO's

  • Investing just $500 Dollars a month for 30 years with 10% Annual Interest will make you a Millionare

  • Compound interest is the easiest and most accesable way to become a Millionare
  • Law and anything legal related
  • Government and local ISU student involvement
  • Interacting with Friends

Things you Could do.

  • Inherit a small loan of a million dollars
  • Hit on a 15 leg parlay
  • Spend 10 years in school getting a medical degree
  • Win the Lottery

Or you could

Family and Where I Am From

Military Family, born in Vegas, lived in Alabama, and So IL

One Sibling Adopted from Guangzho China

Calculating Compound Interest

What to Invest In?

Stocks

IRA's

Savings Accounts

Work History and Joke/Quote

  • Compound Interest can be Calculated with the formula on the left.
  • Using this formula you can find what investments are good and how much you want to put in.
  • Lower return, dependent on interest rates
  • Is ensured by the FDIC.
  • Has the disadvantage of being the lowest return option.
  • Allows you to deduct the money from your taxes
  • Low risk but decent return on investment
  • Has the disadvantage of having to be left in till a certain time
  • Quiznos Supervisor in Carterville Il,
  • Junior and Senior Year of Highschool
  • Academic Senator for ISU SGA
  • Present
  • Mclean County Public Defenders Office
  • Summer of 2023
  • Includes Mutual funds, Individual Company Stocks
  • Higher Risk but Higher Reward. Can benifit from good markets and depleat in bad ones.
  • Historically had made a good ROI.

Misconceptions About Compound Interest

Quote:No man ever steps in the same river twice. For it’s not the same river and he’s not the same man.” Heraclitus

Joke:What do you call a dinosaur that’s good with money?

An “Invest-o-saurus”!

  • Taking advantage of Compound Interest requires that a person both invests smartly, and makes sure to invest a nessacary amount each month

Compound Interest requires that the investor remains savvy.

How to Become a Millonare

Important Take Aways

  • Becoming a millionare is possible for everyone
  • Just simply investing a small amount smartly for a long period of time will get you there

  • Start now, compound interest is reliant on time
  • Even just investing a small amount now can end up becoming a signficant amount of money

by Zach Roy

Discussion Question

Questions

Is the long term benifits of current investment worth the short term downsides?

  • Q1: Where was I Born?
  • Answer-Las Vegas
  • Q2: What is one way to become a millionare?
  • Answer- Compound Interest
  • Q3: What is a nesscary component of using compound interest?
  • Answer- Smart Investing
  • Q4: Can a person become a millionare investing only $500 a month?
  • Answer- Yes
  • Q5: What is one investment method?
  • Answer- Stocks, IRAs', Savings Accounts
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