congrats graduates on your first job!
now , you can become a millionaire by investing .. here is how
open a brokerage account and link it to your savings account
as soon as you get your salary , transfer 10 % of the amount and invest it in an low cost index fund
an index fund mimics the stock market and is therefore low cost / has a low expense ratio
the index fund is diversified and is passively managed
at the end of each year , increase the invested amount by 1% .
you can expect a conservative return of 12 – 15 % per year at the end of 30 – 40 years – volatility will be neutralized
you are set for life at the end of 30 years …
if you need to calculate the amount at the end of a certain period , you can use one of the financial calculators , one of them being listed below :
