What to do in your 20s, 30s, 40s and 50s to retire with $1 million

Becoming a millionaire doesn’t have to involve a big pay packet. Instead, some people become millionaires by growing their income and saving and investing it, budgeting to live on less than they earn, and planning for the long term. Having a sensible savings plan early in your life can set you up for the future. Credit:Shutterstock Business Insider asked two certified financial planners (CFPs) how to get there, decade by decade. If you want to be a millionaire upon retiring at age 65, they explained, the key is taking advantage of time. If you start taking steps to build wealth in your early 20s, that gives you 40 years or more to reach the millionaire mark. Read more here >>>

thumbnail courtesy of smh.com.au


Please enter your comment!
Please enter your name here