How to Make a Million Dollars by :
Shawn Lim
There are 2 main routes you can use to make a million dollars. The Short Route or the Long route. Here is how to make a million dollars.
Lets say you dilligently save $1 everyday. To grow you will need 1 million days. That is about 2,200 years. Fortunately, we all do not live that long. It is painful to save for 2,200 years just to get a million dollars. But if you add compounding interest, the number of years to reach one million drops drastically. At $1 per day, with
With a 10% interest compounded annually, it now takes you only 56yrs to make a million dollars So where can you find an investment that consistently yield at least 10% returns in your lifetime when banks are only offering around 3%. The answer is very simple.
This proved that everyone, if we start saving and keep compounding the money from a young age, it is easy to make your million dollars. The long route is not what we want here, we want to make money in a faster method, not just sitting and wait for 50 years. It has been proven that with the right strategy, with constant action plus a burning desire, we can be a Millionaire in a short time. The millionaire mind So what are you waiting for?
Start planning on how much to save each month now. If you don’t act on this information today you may never get the opportunity to take this life changing step again.
