Want to become a millionaire? It might be easier than you think! This news talks about a special investment fund called the Vanguard S&P 500 ETF (VOO). It's like a basket holding stocks from 500 big US companies.
Investing regularly, even a small amount, can grow your money over time. This is called compounding – your money makes more money!
Think of it like planting a small tree; with time and care, it grows big and strong.
- Investing $500 a month could make you a millionaire in about 30 years.
- The VOO fund invests in many different types of companies, reducing risk.
- Past performance doesn't guarantee future success, so there are no guarantees.
| Investment | Time | Result (approx.) |
|---|---|---|
| $500/month | 30 years | $1,000,000 |
