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The Math To Become A Millionaire ASAP (And How You Can Do It)

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“If you want to become a millionaire, there are two ways: earn it or accumulate it. But which one is right for you?”

Jaspreet breaks down how to either save and invest your way to a million or earn it faster by scaling your income. Here’s a quick breakdown:

Key Lessons:

  • Two Paths to a Million:

    • Accumulate It: Consistently save and invest. It takes time but is accessible to most people.
    • Earn It: Faster but riskier, often requiring entrepreneurship or increasing income streams.
  • Investing Small Adds Up:

    • Investing just $4 a day can grow to $1 million in 44 years at a 10% return.
    • Increase your investment by 5% each year, and you can shorten that to 36 years.
  • Cut Big Expenses:

    • Downsizing your home or car can free up more money for investing.
    • Eliminate unnecessary luxury purchases until you’ve built real wealth
  • Earning to a Million:

    • Earning $2,800 a day gets you to $1 million a year. Whether through a side hustle or business, scaling income is key.
  • Entrepreneurship:

    • Building a business can accelerate wealth but requires dedication and constant learning.

Bottom Line: Whether you choose to save and invest or grow your income through entrepreneurship, the path to $1 million starts with disciplined financial choices.

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Please note: Yes, these are our sponsors & advertisers. However, these are companies that I trust and use (or have used). The compensation doesn't affect my recommendations or advice. That being said, you should always do your own research & never blindly listen to a random guy on YouTube (or a podcast).

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