How long will it take you to save up to $1 million?

[Stardom22]

For me l started saving money some couple of years ago. However l can say that l really have nothing accumulated on my saving account due to 7 the constantly withdrawal due to lack of enough financial resources.

 

[gwolf666]

Currently about 30 years, as time goes by I know that number will decrease, but currently only 30 years, I sincerely believe that it is not bad considering that there are people who in their life will reach that first million dollars.

 

[BeeRoyal13]

For me l started saving money some couple of years ago. However l can say that l really have nothing accumulated on my saving account due to 7 the constantly withdrawal due to lack of enough financial resources.

Hard work and determination focus will take you to that 1 million dream no short cuts

 

[Suba]

Of course, everyone's financial capabilities are different, so the amount of money set aside for savings also varies. However, my personal savings never exceed $1,000, because every time I reach my target, I immediately allocate it to investment instruments. As an example, if we save an average of $1,000 each month, then in a year we will accumulate $12,000, meaning it will take us approximately 84 years.

 

[BeeRoyal13]

Of course, everyone's financial capabilities are different, so the amount of money set aside for savings also varies. However, my personal savings never exceed $1,000, because every time I reach my target, I immediately allocate it to investment instruments. As an example, if we save an average of $1,000 each month, then in a year we will accumulate $12,000, meaning it will take us approximately 84 years.

Thats too long to make that kind of money joining multiple streams of income will quickly reach you there in maybe two years its better than 4

 

[Suba]

Thats too long to make that kind of money joining multiple streams of income will quickly reach you there in maybe two years its better than 4

I took a sample of middle-class income data in the US, with an average monthly income of $5,000, and assumed a monthly savings of $1,000. If you were able to accumulate $1 million in two years, you would need to save $41,667 per month. This would make you considered upper-class. Currently, the average monthly salary of the US president is $34,000.

 

[BeeRoyal13]

I took a sample of middle-class income data in the US, with an average monthly income of $5,000, and assumed a monthly savings of $1,000. If you were able to accumulate $1 million in two years, you would need to save $41,667 per month. This would make you considered upper-class. Currently, the average monthly salary of the US president is $34,000.

Goodness me where would I even begin to start making that kind of cash ?yes multiple income streams but which one is effective

 

[Springtime]

It will take a long time to save $1 million given the low interest rate. The only way to grow your wealth is investment.

 

[eLdavis]

With my current earnings and with the expenses i need to deal with, it will definitely take a long while to save this amount of money.

 

[BeeRoyal13]

With my current earnings and with the expenses i need to deal with, it will definitely take a long while to save this amount of money.

It can take time when we are doing nothing or doing one thing,I don't set the amount of money I can reach, if I can just make enough cash that's it I will appreciate be grateful on what I can make.