To become a millionaire we must at least collect at least one million USD, although this amount is too big for me, personally I often see big money only in the form of numbers but have never held one million USD directly in cash or the equivalent converted to local money. If we formulate a simple long-term financial goal by having one million USD, then of course everyone will show a different time period or depending on the income and money collected each month.
If we save $500 every month, then in a year we will get $6000, so the time we need to become a millionaire is $1 million divided by $6000 is 167 years,
Too long and impossible to achieve if we only rely on how to collect money every month, without doing other efforts, such as side hustles, starting a business and investing and the most important thing is to reduce living costs or live frugally.
If we save $500 every month, then in a year we will get $6000, so the time we need to become a millionaire is $1 million divided by $6000 is 167 years,
Too long and impossible to achieve if we only rely on how to collect money every month, without doing other efforts, such as side hustles, starting a business and investing and the most important thing is to reduce living costs or live frugally.
