Use the ITM Method to grow $1k to $1m

[George Halongton]

“Warren Buffett Accumulated 99% Of His Net Worth After Turning 50 And Didn’t Become A Billionaire Until 56: ‘The Biggest Thing About Making Money Is Time. You Don’t Have To Be Particularly Smart, You Just Have To Be Patient’” quote from the Internet

Learn from Warren Buffett and Heather Cullen
and save and invest and build wealth slowly until we reach the first $100k and then to $100m.

Warren Buffett net worth through the years.

Age 30s: $1+ million
Age 40s: net worth drops in the 1970s
Age 50s: $1+ billion in the 1980s
Age 70s: $10+ billion in the 2000s
Age 90s: $100+ billion in the 2020s

[George Halongton]

From Heather Cullen

“The ITM Strategy
Heather Cullen Blog In The Money Strategy
ITM Beats the Market
The ITM strategy has outperformed the market 10-fold over 30 years. $1,000 invested in 1993 would be worth $181,000 today.
Outperformed 10-Fold Over 30 years
The market has risen too. $1,000 invested in the S&P 500 with dividends reinvested would be worth $17,000. Nice. But wouldn’t you prefer an extra $164,000?
The ITM Strategy: Safe & Easy
ITM is a simple options strategy that anyone can do, and beat the market spectacularly. Even beginners!”

Using 15% annual return
Double every five years

1993: $1k
1998: $2k
2003: $4k
2008: $8k
2013: $16k
2018: $32k
2023: $64k
2028: $125k
2033: $250k
2038: $500k
2043: $1mil

[George Halongton]

Using the ITM Method with
Prediction of double every 4 years
Since 1992 with US presidential election

1976 Carter from Georgia
1980 Reagan from California
1984 Reagan from California
1988 Bush Senior from Texas

1992 $1k Clinton from Arkansas
1996 $2k Clinton from Arkansas
2000 $4k Bush Junior from Texas
2004 $8k Bush Junior from Texas
2008 $16k Obama
2012 $32k Obama
2016 $64k Trump
2020 $125k Biden
2024 $250k Trump
2028 $500k Newsom from California?
2032 $1mil Newsom from California?

[George Halongton]

Warren Buffett Accumulated 99% Of His Net Worth After Turning 50 And Didn’t Become A Billionaire Until 56: ‘The Biggest Thing About Making Money Is Time. You Don’t Have To Be Particularly Smart, You Just Have To Be Patient’

Jeannine Mancini
January 24, 2024 3 min read

[George Henry]

Warren Buffett made most of his money after 65 years old when most Americans retired already starting in the mid 60s of age. One lesson for us is our most productive years start in our 50s and 60s and 70s if we live into 80s and 90s and 100s. Therefore, please utilize the ITM Method by Heather Cullen and Warren Buffett and build our financial freedom. It is never too late even when we start late in our life. Good luck to everyone.

Here are some of Warren Buffett’s
net worths at different ages:

Age 14: $5,000
Age 21: $20,000
Age 30: $1 million
Age 35: $7 million
Age 37: $10 million
Age 43: $43 million
Age 52: $376 million
Age 53: $620 million
Age 56: $1.4 billion
Age 58: $2.3 billion
Age 59: $3.8 billion
Age 66: $17 billion
Age 72: $36 billion
Age 83: $58.5 billion
Age 92: $109 billion
Age 94: $150 billion

Buffett’s net worth is a case study in compounding, with most of his wealth accumulated after he turned 50.

Warren Buffett is considered one of the most successful investors of all time. He is the chair of Berkshire Hathaway, which became the first non-tech U.S. company to surpass $1 trillion in market capitalization.

[George Henry]

Update of my Roth IRA Using ITM Method

For 2024, I contributed $7,000 in my Roth IRA account. Right now, my Roth IRA account has about $11,000 in there. Please use the ITM Method to invest and trade responsibly and respectfully. Learn from Heather Cullen and Warren Buffett. Both of them have a lots of investing experience. Together with almost 100 years of investing experience.

[Author]

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