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Having unrealistic goals quickly leads to frustration when those expectations aren't met. The quitting rate for new traders is astronomical (40% quit within 1. The "easiest" way to make 1mil is to deposit 5k into an sp index fund and contribute 5k a year for the next 30 years assuming historical. In general, the best way to go is to live off the interest from a CD or a high-yield savings account because you will be protecting principal while still. Wondering how long it takes to save 1 million? With InvestingAnswers' easy "million dollar calculator", you'll have the answer in seconds! Sure, sometimes people get lucky and win the lottery or just happen to work for a company before it distributes employee stock options and goes public. But.
The journey from $k to $1 million starts with setting a realistic time frame and understanding growth expectations.
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