Secret of becoming a millionaire
What a controversional topic. Everyone wants to be rich. Become a millionaire and get rid of their 9-5 job.
After reading so many books, I can conclude here is the slow but sure way to get 1 million and become a millionaire!
You save $500 per month (just like paying a mortgage)
with interest rate of 10%
for 30 years
Nah. You will get more than $1,000,000. How to ensure this? Automate the process. If you want it faster (less than 30 years). You can whether add more money monthly or find a better rate somewhere.
It is not necessarily you stick to one fixed deposit or mutual fund. You too can invest in real estate to get higher return rate and also invest in a small growing business (higher risk)
You can play around with this compound interest calculator
Wish you all the best! I’m working on it
and will always remind myself to stick with it (besides doing other net things to get more money..)
Tags: personal finance, millionaire secrets, how to become a millionaire, sure way to rich, rich dad poor dad, financial calculator
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But I can’t wait 30 years to be a millionaire :p