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Everyone is working towards their first $1,000,000
You don't have to earn tons of money to achieve this
Discipline will your best friend here
This is
"Your First Million"
- A THREAD -
You don't have to earn tons of money to achieve this
Discipline will your best friend here
This is
"Your First Million"
- A THREAD -
1.
The average salary in the US is ~$56,516
You don't have to make hundreds of thousands to become a millionaire
Here's a step step by step process on how you can get started...
The average salary in the US is ~$56,516
You don't have to make hundreds of thousands to become a millionaire
Here's a step step by step process on how you can get started...
2.
- Start An Emergency Fund -
Clearly this won't make you wealthy
But you have to prepare for a rainy day
Most Americans can't afford a $500 emergency
Do you really want to fall in that category?
- Start An Emergency Fund -
Clearly this won't make you wealthy
But you have to prepare for a rainy day
Most Americans can't afford a $500 emergency
Do you really want to fall in that category?
3.
- Open A Investment Account -
Focus on adding money into it weekly
A fire grows when fuel is added
Build the discipline to add in as much as possible into this account
- Open A Investment Account -
Focus on adding money into it weekly
A fire grows when fuel is added
Build the discipline to add in as much as possible into this account
4.
- Open A Retirement Account -
I'll only look at US options
You can choose from a Roth IRA or a Traditional IRA
You can contribute up to
- $6000/yr if you're under 50 (add $115/wk)
- $7000/yr if you're over 50 (add $135/wk)
You HAVE to take advantage of this
- Open A Retirement Account -
I'll only look at US options
You can choose from a Roth IRA or a Traditional IRA
You can contribute up to
- $6000/yr if you're under 50 (add $115/wk)
- $7000/yr if you're over 50 (add $135/wk)
You HAVE to take advantage of this
5.
- Max Out Your 401k -
If you're under 50 you can fund up to $19,000/yr (add $365/wk)
The average employer contribution is ~4.3%
This is FREE money
How could you not take advantage of this account?
- Max Out Your 401k -
If you're under 50 you can fund up to $19,000/yr (add $365/wk)
The average employer contribution is ~4.3%
This is FREE money
How could you not take advantage of this account?
6.
- Rinse & Repeat -
See how simple this is?
You don't have to overcomplicate things
Becoming a millionaire IS possible
You just have to be disciplined.
- Rinse & Repeat -
See how simple this is?
You don't have to overcomplicate things
Becoming a millionaire IS possible
You just have to be disciplined.
Looking to make your first 1,000,000?
Let me help you take your first step
12
Reviews https://gum.co/TheBigPic
Let me help you take your first step
12
Reviews https://gum.co/TheBigPic
