Investing in the stock market is one of the smartest and most effective ways to build wealth over a lifetime. With the right strategy, it’s possible to become a stock market millionaire or even a multimillionaire — and you don’t need to be rich to get started.
Say, for example, you’re 35 years old and are just beginning to invest. Right now, you can afford to invest $200 per month, and your investments are earning a 7% average annual rate of return. At that rate, you’d have around $227,000 saved by age 65