4 Ways to Grow $100,000 Into $1 Million for Retirement Savings
If you already have $100,000 saved for retirement, you may be closer to reaching $1 million than you realize.
Saving and investing to get to $100,000 is like pushing a snowball to the top of a hill. It can be really hard sometimes, and the snowball still seems kind of small. But once you reach the top of the hill, you can let the snowball roll down the other side and let it get bigger and bigger. You just have to make sure your snowball stays on course and doesn't crash into a tree.
You can help the snowball along by continuing to run after it and pushing it, but it would keep growing even if you left it alone for the most part. That's exactly how compounding works when you invest your money in the stock market.
Source Fool.com
