What Would Happen If You Invested $100 a Week in the Stock Market?
For many people starting from scratch, a million-dollar retirement nest egg seems wildly out of reach. It takes money to make money, after all, and it seemingly requires more cash than the average paycheck provides once all the bills are paid. Discouraged before they even try to get started, many would-be investors don't even bother trying to become self-made millionaires.
That way of thinking, however, overlooks a critical element of building a fortune from nothing. That's that time can do a lot of work even when there's not a lot of extra cash to invest for the future. In fact, you might be shocked at how much money you can make over the course of 40 years just by scraping up an extra $100 per week.
With the Census Bureau reporting the average U.S. employee makes around $41,000 per year while the average household annually banks something on the order of $67,000, it comes as no surprise that the majority of Americans say they're living paycheck to paycheck. Money often gets tight before the next paycheck arrives. Having any extra funds to take away feels practically impossible.
Source Fool.com
