Do you want to be a millionaire? Of course you do. And while for most people that seems like a fantasy, the reality is that if you start planning early enough, saving one million dollars is not impossible.
$1,000,000 is a big number, but if you break it up into smaller chunks, it gets more manageable. Someone able to save $400 each month over a period of 40 years, assuming an annual rate of return of 7%, will hit that goal. 40 years sounds like a long time, but most of us will work at least that long during our lives. The key is to start saving and investing our money as soon as possible.
For more information, read the full article here.