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✎ Get free access to our vault of PDF summaries for every YouTube video here: ✎ To reach 1 million dollars in 20 years with $20,000 in savings and no particular skills or education, the best strategy is to start by investing wisely. A great option is low-cost index funds or ETFs, which are designed to track the performance of major stock market indices like the S&P 500. Historically, the stock market has returned about 7-10% per year. With this strategy, your initial $20,000 investment will grow steadily through compound interest over time. Regularly adding to your investments will further accelerate the growth, bringing you closer to your million-dollar goal. In addition to investing, increasing your income is crucial. Look for opportunities to grow your earning potential by switching jobs, asking for raises, or starting side hustles. There are many ways to learn valuable skills that are in demand, like digital marketing or coding, through online courses. As your income increases, aim to save and invest a significant portion of it. The more you save and invest, the faster you'll build wealth, moving you toward your 1 million dollar target. Real estate can also be a powerful tool for building wealth. While it requires a larger initial investment, buying rental properties can provide passive income over time. You can use leverage, or borrowed money, to help purchase properties. If real estate isn't your thing, consider other income-producing investments like dividend-paying stocks or peer-to-peer lending. By staying disciplined, investing consistently, and focusing on long-term growth, you can turn your $20,000 into 1 million dollars over the next 20 years. ★★★ JOIN ME LIVE ★★★ • I go live every week. Join me & ask your questions: • or You can ask your question in our Discord: ★ BOOKS ★ • Momentum: • Build to Serve: • Your One Word: • The Top 10 Rules for Success: • 254 Confidence: ★ RECOMMENDED VIDEOS FOR YOU ★ If you liked this video, you'll love these ones: • Maya Angelou's Top 10 Rules for Success - • STOP Defaulting to Solo Entrepreneurship! How To Build Your Pack and Succeed Together - • Evan Carmichael’s Top 10 Rules for Success - ⚑ SUBSCRIBE TO MY CHANNEL ⚑ If you want to do great things you need to have a great environment. Create one by subbing and watching daily. ツ CONNECT WITH ME ツ Leave a comment on this video and it'll get a response. Or you can connect with me on different social platforms too: • My Live Calendar: • Instagram: • Tiktok: @evancarmichael • Discord: • Twitter: • Linkedin: • Facebook: • Website: ----------------------------------------------------------------------------- Thank you for watching - I really appreciate it :) Much love, Evan #Believe
