Starting With $0 - How Long To Become A Millionaire

Here's how long it takes to become a millionaire along with additional things you'll need to know to make your first million dollars. Check Out My Recommendations (It helps support the channel): 🔥 M1 FINANCE Investing- Free $10 (once you deposit at least $100 within 30 days) https://bit.ly/427KBBn 📚 Here's a video on how to use M1 Finance https://youtu.be/kEOS-w21U3c 📝 NewRetirement - The retirement planning tool I personally use to make sure I'm on track with saving for retirement. It's perfect for "Do it yourself" investors https://bit.ly/3EAAhrJ 🔒 AURA - 14 day free trial to see if your personal information has been leaked online and have it removed https://aura.com/jarrad 📝 Empower - Free Net Worth Tracker https://bit.ly/3NUNtwq 📧 Business Inquiries: JarradMorrowYT@gmail.com The amount of time it'll take you to become a millionaire comes down to 3 main things- how much, how often, and the type of return on your money HOW MUCH- The amount of money you invest will be a huge deciding factor in how quickly it happens. It's almost like a little hack so you don't have to focus as much on the return of your investment. If you end up with 1% or 2% less of a return on your money then that becomes less important if more money was being stuffed into the box. A lot of it comes down to two things- How much you're saving and how much you're making. There's a lot of wasted money passing through your hands that could be re-routed towards investing as opposed to expenses. On the other hand, maximizing your income wherever possible is going to help out with the whole process as well. HOW OFTEN- The amount of times you invest also increases your chances of making your first $1 million. The sooner extra money can be put to work the more chances it has to grow for you. This is one of the reasons dollar-cost averaging and auto-investing has become so powerful. In the video, I show you an example of 3 people who invested the same amount at 3 different times. RETURN ON INVESTMENT- The amount your investing can help make your return on investment a little less important, but you're still going to need it to grow. To give you a little boost in growth, an ROI that keeps up with the average return of the stock market is ideal. Affiliate Disclaimer: Some of the above may affiliate links. Support the channel by signing up or purchasing through those links at no additional cost to you. I appreciate you for helping me keep this channel running Disclaimer: This video is for entertainment purposes only. Everyone's situation is different so do your own research before making any decisions with your money. If you need help then contact a Certified Financial Fiduciary before trying anything that is mentioned in this video. I prefer a Fiduciary financial advisor that charges an hourly fee as opposed to an ongoing fee based on a % of your portfolio. Always remember that incentives determine the type of advice they give you so one that charges an hourly fee is less likely to be problematic.