The key to becoming a millionaire is the simple
compound interest formula and time.
For example,

### Question #1

If you invest $200 a month for the next 30 years, and averaged a 15% return
a year, how much money do you think you'd end up with?
The answer is ...

### Question #2

If you started putting $30 a month away, the equivalent of a dollar a day,
at age 20, and you continued until age 65, averaging 15% annual return,
how much would you end up with? The
answer is ...
This is the magic of compound interest--**interest on principal and interest**.

To see exactly how your money grows (Using the values from question #2 above)

To become a millionaire this is what you need to do...

**Pay yourself first**.

Instead of investing what is left of your paycheck at the end of a month,
take out the money the minute you get your paycheck. Better still, have
the bank automatically take it out for you.

**Be consistant**.

Invest a fixed amount at the beginning of every month. For example, $100 at
the beginning of every month. The best way is to have your investment
company automatically take out the amount from your paycheck

**Invest in** mutual funds.

A regular savings account pays about 1% to 2% interest. Mutual funds
can pay as much as 20% annual interest. Unless you can take the risk, do not invest in common stocks.