Next time you’re considering running to Starbucks each day before work, you might want to think again… The chart below exemplifies just how far a few dollars a day can take you. And by far, I mean millionaire by 65! This is the perfect habit to get into for the new year coming up, and a goal that is definitely worth pursuing:
To illustrate the simplicity of building wealth over time, financial advisor, David Bach, created a chart (which was re-created below by Business Insider) detailing how much money you need to set aside each day, month, or year in order to have $1 million saved by the time you’re 65.
The chart assumes you’re starting with zero dollars invested. It also assumes a 12% annual return.