Illinois State University
How To Become a Millonare
- Did Broadcasting, edited and acted in our school news.
- 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
- 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
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
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
- 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
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