Your Three-Step Playbook to Become the First Millionaire in Your Family

If you're in your 30s and want to be the first millionaire in your family, here's your three-step playbook. Don't say nobody ever told you how to make it happen.

I'm Tyler, a former financial advisor and portfolio manager. Now I create financial content for free, so you don't have to pay for it.

1. Open a Roth IRA

Open a Roth IRA right now through Fidelity, Schwab, or Vanguard. It’s free and will take you about five minutes.

2. Automate Your Contributions

Now automate 10% of your paycheck into the Roth. Don’t think about it; just set it and forget it.

3. Invest in Low-Cost Index Funds

Once the money is inside the Roth, invest it in low-cost index funds like Vanguard's VOO or Fidelity's FXAIX. These funds represent hundreds of the world's biggest and most profitable companies, now working for you.

4. Projected Growth

If you max it out from age 30 to 65, you’ll have about $1.7 million of tax-free money, and you only put in $245,000. The market built you another $1.4 million, all because you clicked open account.

Conclusion

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