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How to Become a Millionaire

FinanceVideo

Do you want to be a millionaire?

Who wants to be a millionaire? Everyone!

 

In this video, Mosun will share her insight on how to properly invest your savings to become a millionaire.

 

Mosun is a personal finance enthusiast who has cultivated a deep love and curiosity about all things related to building a wealthy life and attaining personal independence.

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So who wants to be a millionaire? Well, everyone.

Becoming 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.

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