The plan is simple:
- Pay off all BAD debt.
- Build a 3-month emergency fund.
- Open a Roth IRA
- Invest $500 a month (into the SPY - S&P500)
- Keep doing for 40 years.
Start early and this is enough to make you a millionaire.
Assuming a 12% annual return rate compounded over 40 years, this would be worth $4,943,560.
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