$100 a month to a millionaire using the stock market
Is it worth investing in stocks with a small amount?
Yes, 100%.
Here’s the reality, if you leave that money in your savings account for the next 30 years, not only the growth of your money will be very slow, but you’re also losing money to inflation.
So, even if you invest $100 a month, it’s still worth investing that money rather than holding on to it in cash.
Investing is an incredibly powerful way to build wealth. In fact, it’s the only way I know to build wealth.
Investing can eventually replace your income, help you quit your job and spend more time with family. It helps you pay off your bills faster, take a vacation when you need it. It also helps you have more choices in life.
For me, investing allowed me to quit my corporate job by age 30. One of my problems with working at a corporate was I constantly had to change who I was in order to fit into a company culture that I didn’t like. This was devastating for me, because many corporates were not up to my standards.
There are many old coworkers I speak to who dislike their jobs. They want to leave and live their lives outside of the corporate world, but they can’t. Why? Because they never invested, so they don’t have a chunk of money that can work for them. They still need to stay in corporate and exchange their time with money.
Also, you can make more than 10% per year. Anyone telling you that you can’t, they haven’t tried. You just need certain investing skills like knowing what stocks outperform the stock market, when to buy and sell.
Feel free to check the link in my bio to learn more about how to invest.
Cheers