If the Snowball earns £9.5k in income this year and then u compound the earned dividends at 7%, the following will be your plan to follow.
After Ten years
income 19k pa
Twenty years
income 38k pa
Thirty years
income 76k pa
U will have to allow for inflation and in some years u may not be able to re-invest the earned dividends at 7% but the totals are not in doubt just the number of years.
Remember with compound growth, u make more income in the final years than in most of the early years.
Plant a twig
U may not have a pot of money for investment but investing monthly on a regular basis the following could be achieved.
Remember inflation, so £250 in 20 years would be a much lesser commitment than £250 today.
GL
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