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How To Start Building Your First $1 Million
By Syfe  •  November 10, 2021
Becoming a millionaire is a dream we all share. Although having a seven-figure net worth seems tough, we’re here to tell you it’s more attainable than striking Toto or 4D. With some planning and discipline to start saving and investing early, having $1 million dollars is entirely within reach. How much you need to save each month To illustrate how achievable the millionaire goal is, we created a chart showing how much you need to save each month to get to your first $1 million. We assume you’re starting with no initial savings, and that you’ve committed to investing on a monthly basis, a strategy known as dollar-cost averaging. The average annual return is taken to be 8%, which is reasonable considering the average annual return of the S&P 500 over the past 30 years has been 10.7%....
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By Syfe
Syfe is a digital investment platform that is building the next generation of financial solutions for individuals across Asia ...
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