“If you want to become a millionaire, there are two ways: earn it or accumulate it. But which one is right for you?”

Jaspreet breaks down how to either save and invest your way to a million or earn it faster by scaling your income. Here’s a quick breakdown:

Key Lessons:

• Two Paths to a Million:

  • Accumulate It: Consistently save and invest. It takes time but is accessible to most people.
  • Earn It: Faster but riskier, often requiring entrepreneurship or increasing income streams.

• Investing Small Adds Up:

  • Investing just $4 a day can grow to $1 million in 44 years at a 10% return.
  • Increase your investment by 5% each year, and you can shorten that to 36 years.

• Cut Big Expenses:

  • Downsizing your home or car can free up more money for investing.
  • Eliminate unnecessary luxury purchases until you’ve built real wealth

• Earning to a Million:

  • Earning $2,800 a day gets you to $1 million a year. Whether through a side hustle or business, scaling income is key.

• Entrepreneurship:

  • Building a business can accelerate wealth but requires dedication and constant learning.

Bottom Line: Whether you choose to save and invest or grow your income through entrepreneurship, the path to $1 million starts with disciplined financial choices.

Want more financial news? Join Market Briefs, my free daily financial newsletter: https://www.briefs.co/market

Below are my recommended tools!

Please note: Yes, these are our sponsors & advertisers. However, these are companies that I trust and use (or have used). The compensation doesn't affect my recommendations or advice. That being said, you should always do your own research & never blindly listen to a random guy on YouTube (or a podcast).

----------

➤ Invest In Stocks Passively

1) M1 Finance - Buy stocks & ETFs automatically:

https://theminoritymindset.com/m1

----------

➤ Life Insurance

2) Policygenius - Get a free life insurance quote:

https://theminoritymindset.com/policygenius

----------

➤ Real Estate Investing Online

3) Fundrise - Invest in real estate with as little as $10!

https://theminoritymindset.com/fundrise

----------