Back up that million-dollar calculator train!
Two days ago, I posted a link to a calculator that could help you figure out exactly how much to invest into savings every month so that you could reach $1,000,000 by your chosen age. As your knowledge grows, Todd and I are hoping that you thought, “Wait a minute!”
Do not become a millionaire by putting a little money into savings every month. You need to put your money into a diversified investment portfolio of stocks, bonds, real estate, and other areas that can hold the ability to generate more money than the million-dollar calculator shows.
Oh’a little tip:
Don’t be afraid to borrow money to make money.