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How to Retire With $1 Million on a $50,000 Salary

How to Retire With $1 Million on a $50,000 Salary

The old adage "you've got to spend money to make money" is largely true, but it generally refers to business owners or companies spending money to scale up their businesses. Time is your friend when it comes to investing, so the longer you have to invest, the larger your retirement nest egg will grow. The key to doing that is to set aside about 20% of your salary to save and invest for future expenses, like retirement.