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 -
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...
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?
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
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
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?
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.
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