Millionaires plan for the long haul. Wealth is created gradually by regularly saving, investing, and letting compounding work its magic. Saving $500 every month at an 8% return can grow to around $1.6M over 40 years.
Millionaires plan for the long haul. Wealth is created gradually by regularly saving, investing, and letting compounding work its magic. Saving $500 every month at an 8% return can grow to around $1.6M over 40 years.
Patience always outperforms schemes promising a quick fortune. The essentials for achieving millionaire status are as follows: