Become Millionaire with $500/month

To become a millionaire passively, we need 3 things. Source of Income, Passive Return Generator, and Required Time

3 Things You Need

Time Return Generator Money

You have two things already Income source and Time, but we need a Passive Income Generator to Create Wealth

So what's the first thing that comes to your mind when you think of Passive Income Sources - Yes, the Stocks Market

Now look, my goal is to make you a millionaire without almost doing nothing, so for that, we required a monthly investment plan.

To Make at least 10% annual return, we need a low-risk and consistent return provider, which is the Index (S&P 500)

S&P 500

In the last 50 years, the S&P 500 has given a 10% to 11% annual average return.

S&P 500 Return 

$500 Monthly Investment

So with basic math, if you invest $500 monthly in S&P for the next 30 years, that generates $1,140,162 with a cost of $181k

But if you go with $1000/month, you can achieve this millionaire goal in 22 years. (Cost - $265k)

And if we go further than $2500/month with a 10% annual return give you $1,047,310 in just 15 years. (Cost - $450k)

The more money you invest, it will take less time for that.

Now the best way to do this is to invest in a Vanguard S&P 500 ETF (VOO) with an Expense Ratio of 0.03% and a Average Annualized Return is 10.29%

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