I’m 22 years old and I want to become a millionaire by 35. How do I do this?
I am going to teach you a sure-fire path to having $1,000,000 in the bank before you turn 35.

A millionaire has a $1,000,000 net worth. At a standard 6% rate of return, you are going to need to save $50,000 a year, every single year.

Assuming you want have a family and not live ridiculously cheap, you need to make a decent income.

Ideally, at least $100,000 after-tax, or $135,000 before tax.

But then, if you spend it all, you’ll never become a millionaire.

But even if you saved well, you wouldn’t become a millionaire without being smart about your investments.

So you need to 1) make a lot of money, 2) spend a little money, 3) invest the rest wisely.

Make a lot of money.

So, sticking with the $135,000 figure.

What jobs can get you there? (Yes, running a business is going to make you a lot more money, but for now, to keep things ultra-practical, we’ll just discuss having a job).

Well, engineers, managers, salespeople, healthcare workers, and then of course the people who work on Wall Street in high finance and corporate law.

The first three are probably the most realistic.

A good software engineer, financial/marketing/sales/IT/R&D manager, software/medical salesperson, doctor/nurse practitioner/physician assistant/CRNA/physical therapist etc. can make $135k+.

So, safe bets are entering a career in tech, healthcare, or corporate management.

Spend a little money.

Assuming you’re earning $100k after-tax, spend $50k.

This just takes some smart budgeting.

As long as you’re not too spendy, this should be very doable.

Just list out each budget category (food, rent, transportation, utilities, personal, fun etc.)

And make sure you’re spending ~$50k or less.

This is where all the savings tips come in.

Invest the rest wisely.

The simplest path will be to just stick all of your money into an S&P 500 index fund, averaging around 6% after inflation.

This is by far the simplest, safest, and easiest method.

But if you want to have much better results, so that you have far more than $1,000,000 by 35, you need to look to alternative investments, like real estate, private business, etc.

However, for now, just remember

Enter a high-paying field + spend 50% + invest the rest in an index fund.

That is a proven path that many, many people have taken to become financially independent at a very young age.

I wish you the best.