Talk about a challenge. Yet becoming a millionaire isn’t as out of reach as it might once have been. You can attribute some of that to inflation and some of that to more people being aware of how to make the most of their money.
The Motley Fool has an article up on becoming a millionaire on $20 a day. Sounds small, but for a lot of people that isn’t. That’s about $600/month, after all.
They start with the most basic, $20/day into ten-year treasury notes. 43 years to become a millionaire. Possible, yet scarcely inspiring.
Take a few more risks, and the number goes to perhaps 26 years, depending on the stock market. Can’t really predict that one, after all.
It’s an interesting idea, and I’m sure many of you could wish to have an extra $20 a day lying around. I know I would. But it is something to think about if you have any extra money you aren’t sure what to do with.
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