History Says This 1 Habit Has Helped Turn Ordinary Investors Into Millionaires
You don't need a time machine to get rich in the stock market. You just need discipline, which may mean establishing a hands-off approach to saving for retirement even when you don't want to.
Overview
You've probably heard the cliché "it takes money to make money." And there's some truth to the premise. In the business world, you'll usually need at least a little seed capital to start.
If you're an investor with average income, however, you might be surprised how easily you could become a millionaire. And not from brilliantly lucky stock-picking, either; attempting to outperform the overall market can undermine your performance, in fact. The key, rather, is making disciplined contributions to the cause -- no matter how seemingly modest -- even when you don't want to make them. That's often when sticking with your plan helps the most.
Details
And $500 per month would do the trick, given enough time. Here's how, and why.
Source
Originally published at www.fool.com.