Building a Million-Dollar Retirement Account

Daily or monthly investments suggested to build $1,000,000 by age 65.

Started investing early enough. That doesn’t need to mean starting at 16, after your first paycheque, but that helps. People who start at 25, 30 or 35 can still achieve it, but it is better to start asap. You are never younger than you are today.

Invest in good quality investment funds.

Have reasonable spending habits.

Never time the markets. Always be long-term.

Be 90% in stocks and 10% in bonds when young, or even 100% in stocks. Increase bonds to 25%+ with age

Avoiding all kinds of vices in excess. Drugs. Excessive alcohol. Gambling. Gold diggers if you are already high income.

Have a middle-income or better. Together with good spending habits and compounded returns, you will get wealthy