Want to Get Rich? $500 a Month in This Fund Could Make You a Millionaire.
Investing $500 per month is a lot for many people. But by reducing your spending in some areas, you'd be surprised at how much you can set aside with a proper budget.
With enough time and a proper investment, this simple strategy could even turn $500 per month into $1 million.
If you think you can save $500 monthly in cash and keep it stashed away to become a millionaire eventually, you'll need to live for a long time. This would take 2,000 months or about 167 years. No one is living that long, so you'll need the help of an interest-bearing asset to accelerate this goal.
Source Fool.com
