Tue Jan 21 2025, by Tyler Gardner

Roth IRAInvesting StrategiesFinancial IndependencePersonal FinanceCooking Tips

How to Become a Millionaire in Your 20s and 30s

If you are in your 20s or 30s and you want to be a millionaire, here are the three key things you need to do right now:

  1. Open a Roth IRA.
  2. Invest 10% of every paycheck into low-cost index funds within the Roth IRA.
  3. Of that 10%, put 90% into a total stock market fund and 10% into an aggressive growth fund.
  4. Automate both the funding and the investing. You can do that now!
  5. Never look at the account until you're 60.

Additionally, learn how to use a pressure cooker. It's easy, lazy, and amazing!

Congratulations! You'll be a tax-free millionaire at retirement and know how to make a world-class chicken tinga in about 20 minutes.

If any of this is helpful, like and follow for more tips to get you one step closer to where you need to be.

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