How Compounding A Simple Monthly Investment Will Make A Millionaire - Guaranteed

It's a fact - a simple $1500 investment can make you a real millionaire, in dollars, in less than 20 years. Of course, this won’t happen over night, or over one year, but it will happen in less that 20 years, if you have the discipline needed.

It really is a simple process, and all it takes is:

1. A paycheck, or any other kind of steady income. Most people have that.

2. Discipline. This is where most people fail. In order for this plan to work, you need to make monthly deposits into your "millionaire fund". Many people will fail to make that commitment and stick with it. If you are ready to do it, your future as a millionaire is secured!

Are you ready for this simple plan?

Here's how to do it:

Step 1 : you need to find $1500/month to deposit into a special fund.

How do you get those extra $1500/month? You can take a second job, start a small business online or off, give up a few magazine subscriptions, work over time…whatever way you can find - you should be able to come up with $1500/month that you can save. Of course, you can start with less (maybe $1000/month), but this will slow things down.

Step 2: After you got those $1500/month, invest them with a conservative mutual fund that gives you a %10 yearly growth, on average.

Step 3: Repeat this process, EVERY month. Almost every month, a new "good" reason will arise, requiring you to give up the $1500 for another cause. This could be an unexpected bill, a vacation, a new appliance you "need" to buy. Don't be tempted. Keep depositing $1500 a month into your fund! This is the only way to make it to the millions. If you start skipping monthly deposits, your growth will suffer, and you will take years longer to get there.

OK, let's take a look at the yearly growth of $1500/month deposited into a %10 yearly growth fund:

End of year 1: 19,005 End of year 2: 40,000 End of year 3: 63,195 End of year 4: 88,817 End of year 5: 117,123 End of year 6: 148,393 End of year 7: 182,937 End of year 8: 221,098 End of year 9: 263,256 End of year 10: 309,828 End of year 11: 361,276 End of year 12: 418,112 End of year 13: 480,899 End of year 14: 550,261 End of year 15: 626,886 End of year 16: 711,535 End of year 17: 805,047 End of year 18: 908,351 End of year 19: 1,022,473

See? Over 2 million dollars in less that 20 years!

Of course, if you keep depositing for 30 or 40 years, the amounts will be much higher:

After 30 years: $3,418,987.99 (!) After 40 years: $9,565,170.37 (!!!)

Building wealth is not rally hard. All you need is a paycheck and a commitment. If you start today, imagine where you'll be in 20 years!

Remember - the older you get, the more important money becomes (imagine being old AND broke…NOT a good thing).

Start early - and you will enjoy the rewards when the time is right.

By Alex Dale | This article was posted on 2007-06-20 21:15:15

About The Author:

Alex Dale is the owner of an investments website called http://my-investments-portfolio.info. Visit our site and learn all about building wealth as well as other tips about online investment.

Definition:

A millionaire is an individual who resides in a household whose net worth or wealth exceeds one million units of any currency. It can also be a person who owns 1 million units of currency in one bank account or savings account. A multimillionaire has a net worth of more than two million units of currency and a hectomillionaire has a net worth of more than 100 million units of currency, but the technically incorrect centimillionaire (net worth of 10 thousand units, strictly speaking) is more often used to mean the same thing. While statistics regarding financial assets and net worth are presented by household, the term is also often used to describe only the individual who has amassed the assets as millionaire. That is, even though the term statistically refers only to households, common usage is often in reference only to an individual.

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