[00:02] the day that you make it. I know that sounds ridiculous, but let me explain. A lot of people don't opt in for this and it's usually available to you if you with a retirement plan. And that would be a 401k match or a 403b match if you
[00:16] work for the government. So, let's say your salary is $100,000 per year and your company offers to match 100% of up to 4% of your salary. This phrase just means that of your $100,000 salary, 4% of it or $4,000 of any contribution will
[00:31] be matched by your employer. So, if you put in 4,000, they put in 4,000 and that's a 100% return before any investment gains in the market. When it comes to market returns, let's run the numbers on how this impacts your
[00:43] retirement balance. So, $4,000 a year from your employer invested in a target date fund or an index fund and an 8% average return means that in 30 years, your employer's half alone is worth about $489,000.
[00:57] That's money you never had to work for if you just took advantage of the match. and you do this for 40 years, that's over a million dollars. So, after you have an emergency fund and you've paid off any high interest rate debt, this is
[01:10] going when it comes to investing. Let me know if you take advantage of the match know if you take advantage of the match and follow me for more.