Millionaire Perspective

Becoming a millionaire is a lot of hard work and countless hours of dedication. 

There are many ways to achieve 1 million dollars however, I will put it into perspective for you.

$1,000,000 =

  • 5000 people buying a $200 product 
  • 2000 people buying a $500 product 
  • 1000 people buying a $1000 product 
  • 500 people buying a $2000 product 
  • 300 people buying a $3333 product 
  • 150 people buying a $6666 product 
  • 100 people buying a $10000 product 

Retire a Millionaire

  1. Open a TFSA (Canada) or a Roth IRA (USA)
  2. At the age of 18 until you are 65, invest $250 a month into this account
  3. 7% return rate a year
  4. Starting amount: $250.00
  5. Total Invested: $141,000.00
  6. Total Interest: $859,000.00

The Rule Of Three

I have been using this rule for a while, if you follow this rule it will ensure you have a safe and steady financial life.

  • %25 of your money is for investing (stock market, TFSA, etc.)
  • %25 of your money is for small purchases (under $100)
  • %50 of your money is for saving (over $100)

Investing in the Stock Market

The stock market has turned people into billionaires.  Investing in the right stocks can lead to great profit however, it can be risky.

Top 5 Stocks To Invest In 2020

Top 4 Stocks To Avoid In 2020 

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