![]() In other words, a project manager could earn $50,000 per year and be wealthier than a doctor earning $250,000 per year - if the project manager has a higher net worth by saving and investing more over time. Their wealth isn’t measured by the amount they make each year, but by how they’ve saved and invested over time,” writes Ramit Sethi in his New York Times bestseller, “ I Will Teach You To Be Rich.” “On average, millionaires invest 20% of their household income each year. The earlier you start compounding your money, the faster you will make one million dollars. There is no substitute for timewhen it comes to investing. It is the most important step in your personal finance journey and the key to financial success. If you want to be a millionaire (or billionaire), this is how you do it. ![]() Investing is easily the biggest thing on this list. Unless you hit the jackpot, there are a few decisions you have to make at a relatively young age, and they can help or hinder your progress to seeing those seven figures in your bank account. Once you make the first million, your money starts doing the hard work. The first million is the hardest, which is what people mean when they say it takes money to make money. One million dollars is and is not a lot of money. ![]() No snake oil or voodoo, here, just 11 realistic ways to make one million dollars. If you want to become a millionaire, it’s entirely possible and easier than you think.
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