Ryan Daniel Moran breaks down two paths to a million dollars: invest $541 monthly in the S&P 500 over 30 years, or start a business selling one product at 25 units daily for $8k monthly profit. The difference is cash flow.
$541 per month.
About 30 years.
One product that gets 25 sales a day.
About $24,000 per month in revenue and roughly $8,000 per month in profit.
Do you know how much money it takes to become a millionaire? $541 a month. I ran the numbers. If you put $541 a month into the S&P 500, most boring way to invest ever, if that were to go up at its consistent rate, which has been over the last 50 years since a million dollars over 30 years, anybody can put $541 a month away for a long period of time. Now, of course, nobody wants to wait 30 years, which is why you should start a business, at least have one product that gets 25 sales a day, because that would be like 24 grand a month in revenue, which would be at least, you know, eight grand a month in profit. But if all you did was put $541 a month into long term nix funds, become a millionaire eventually. And so the goal then just becomes, how do we make that happen as fast as possible? And that happens by putting as much cash flow as possible into long term investment. So that becomes many, many millions of dollars over the course of your life.
