- Marry Money
- Inherit Money
- Invest Money slowly over time
So how does that work for me:
- Marry Money--Since I'm already married and have merged bank accounts with my wife, I've pretty much maxed out this option.
- Inherit Money--Being the youngest child, my claim on the "birthright" is pretty non-existent.
- Invest Money slowly over time--This seems to be my best shot at becoming a millionaire so I found a website that will show me how to do it.
To see how it's done, click the link and then enter the information below: How to Make a Million with Only $10,000
Enter the Following:
- Ending Value: 1000000
- Beginning Value: 10000
- Number of Periods: 40
- *A period is generally considered to be a year
Thus, with a principal investment of $10,000 at age 25, with compounding interest, I should be a millionaire by 65!
Anyone see a hole in my plan? Help me out you finance majors.
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