The Math To Become A Millionaire ASAP (And How You Can Do It)

"The average used car payment in America today is over $500 a month."

"If you are selling just lowric products, you're going to have to sell 280 of these things every single day to make the $2,800 a day, the $84,000 a month, a million dollar a year."

"If you make a $100 per sale, well, that means you're going to have to sell 28 of these things a day."

"And if you can make $1,000 per sale, that means you're going to have to sell three of these things a day to make a million dollars a year."

"If you can put aside $4 a day, that's about $120 a month... If you do this and you want to save your weight to a million dollars, assuming your money doesn't grow, it's going to take you about 700 years to get to that million dollars."

"If you take this $4 a day, $120 a month, and every month you're putting this money into a fund that's growing by 10% a year. Now, instead of taking 700 years for you to accumulate the million dollars, it is going to take you 44 years to accumulate that million dollars."

"you start by investing this $4 a day, but then next year you start investing 5% more... if your fund can still grow by around 10% a year, that means it's going to take you 36 years to accumulate that million."

"The S&P 500 has gone up and has gone down over the last century. It has seen booms. It has seen busts. We have seen market crashes pretty much every decade for the last century. But despite that, the S&P 500 has grown by around 10% a year on average for the last century, despite the recessions, despite the market crashes."

"If you can do that now, you can save your way there by stuffing this money under a mattress in 167 years... If you take the $500 a month and instead of stuffing it under a mattress, you put this into something that is going to give you this 10% return a year... it's not going to take you 44 years. It's going to take you 30 years to accumulate the million dollars."

"if instead of just investing $500 a month for the rest of your life, if you can invest $500 a month this year, increase it by 5% next year... Now, instead of 36, you can get there in 25 years because you're increasing how much money you invest every single year."

"If you can downsize your house, downsize your apartment... this could be one of the easiest ways for you to find an additional $500 a month, maybe even an additional $1,000 a month, depending on how you're living."

"The average used car payment in America today is over $500 a month."

"A million a year is $84,000 a month or about $2,800 a day. So, now the question is, how can you earn $2,800 a day?"

"When you put your money in the stock market, you know that you're trying to get a 10% return a year. That's the goal. when you put your money in the stock market, when you build a business, your business could grow by 2,000% a year, especially in the early years because now you can grow a whole lot faster."