Ok, I guess you’re all thinking that clickbait like this shouldn’t be allowed. I think the same thing when I see headlines like this. But I can assure you that this stuff really works. This i how average people build wealth.
I’ve set the figure at $150 a month because almost anyone can afford that. One small side hustle can easily make that amount of money with very little effort. This site has a ton of ideas you can try.
Have you heard of compound interest?
Have you heard of patience?
You need both of these to pull this off.
So what’s the deal?
If you earn $150 a month on Medium (or some other side hustle), all you need to do is invest it every month for 30 years.
What? 30 years? Ah, that’s where the patience comes into it.
Invest $150 a month for the next 30 years at a 10% rate of return, and you’ll end up with over $300,000.
I know this may sound impossible to some of you. But this is how ordinary people with ordinary jobs become millionaires.
You don’t even need a side hustle. You can invest $150 a month from your salary each month.
This is not such a good strategy for those of you, like me, who are older. But if you’re in your 20s, then this should be a no-brainer.
I realize that some may also not have this amount to invest every month. That’s ok. Just start with a smaller amount.
There are many investment calculators online. This is the one I used.
You can plug in your own figures and see what amount you could get to over different time periods.
You can thank me in 30 years’ time!