If you feel pressure of any kind around your money. I want to reassure you that building wealth takes time.
How long does it take for the average rich person to become rich?
Ten years? 20 years? 30 years?
According to Business Insider*, it takes an average of 32 years to become a self-made millionaire.
So drop the pressure and the questioning of “why hasn’t it happened yet?”
Keep going! Growth overtime is key!
Also, don’t think that all millionaires were born into wealth.
According to the 2016 US Trust’s Insights on Wealth and Worth, 78 percent of millionaires started out as middle class or poor. This dispels the idea that most millionaires inherit their money from a prior generation. They took action over time and were disciplined with their financial plans.
This is a perfect example of small progress over time making a big impact.
Key learning: If you want to grow your savings and investments, start anywhere (even if it seems REALLY small) and build over time. As it grows, so will your net worth.
Discipline, determination, and hard work are your best tools in your journey to become wealthy. You will thank yourself for starting NOW.
I’m routing for you!
P.S. Do you have any specific questions you want me to answer? Email me at firstname.lastname@example.org and I will add the answer to your question in one of our future blogs.