How to Become a Millionaire

So who wants to be a millionaire? Well, everyone. But it sounds a lot harder than it actually is because we think you have to be born into wealth or catch a lucky break.

Let’s look at the 25 year old that starts investing $400 every month in an investment account. Let’s assume that account you use 8 percent annually.

Now when that 25 year old turns 65, they have $1.1 million in their account.

Well the real kicker here is that they own invested $192,000. So the point here is, how did they become a millionaire?

It’s time.

And this magical thing called, the compounding effect.

So the point here is to not sit down, idling by but start earning your wealth early and gradually.