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

“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. Want more financial news? Join Market Briefs, my free daily financial newsletter: https://www.briefs.co/market Below are my recommended tools! 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). ---------- ➤ Invest In Stocks Passively 1) M1 Finance - Buy stocks & ETFs automatically: https://theminoritymindset.com/m1 ---------- ➤ Life Insurance 2) Policygenius - Get a free life insurance quote: https://theminoritymindset.com/policygenius ---------- ➤ Real Estate Investing Online 3) Fundrise - Invest in real estate with as little as $10! https://theminoritymindset.com/fundrise ----------