Why you should invest at least 15% of your gross salary? Artwork

Staying in the Black

Stay in the Black is dedicated helping teachers get their money straight and live their fullest life on a public servant salary Are you a teacher living check to check? Are you worried about your student loans? Can you afford to purchase a home? Can you afford to have children or send them to college? In this podcast we will cover pensions, student loans, side hustles and ways to maximize and expand your finances. We will also cover budgets, saving, credit and more! You will find information, interviews, book reviews and you will leave with action steps to help you Stay in the Black, for more go to stayingintheblk.com

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Staying in the Black

Why you should invest at least 15% of your gross salary?

June 23, 2023 • Ms. Black

Compound Interest Calculator

30- Years Investment Results (New Teacher 9/2023 NYC Public Schools 61,070)

S&P 500 30 year average return (10%)

Percent | Monthly |Annual Rate | 30- Year
Invested | contribution |of Return (%)| Total
15 | $763 | 10 |$1.52 million
10 | $509 | 10 | $1 million
5 | $254 | 10 | $505,810

Fixed return (7%)

Percent |Monthly |Annual Rate |30- Year
Invested |contribution |of Return (%) | Total
15 | $763 | 7 | $870,691
10 | $509 | 7 | $580,841
5 | $254 | 7 | $289,850

Fixed return (8.25%)
Percent |Monthly |Annual Rate |30- Year
Invested |contribution |of Return (%) | Total
15 | $763 | 8.25 | $1.27 million
10 | $509 | 8,25 | $729,967
5 | $254 | 8.25 | $364,266