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A sad fact is that only 1 in 6 people will retire as millionaires. There's a misconception that it's difficult to become a millionaire. Many people calculate the hours they'll need to work, or salaries they'll have to receive before obtaining $1 million. What many people don't realize is that it's easy to obtain $1 million by retirement only from investing. Actually, it's just as easy to obtain $3 million as it is $1 million!
The key is to get started early, choose the right investment, and to be consistent with investing. If an investor begins at a young age then the effect of compound interest will propel their thousand dollar investments into million dollar investments.