The majority of people do not think it works, and if they do, they either find out too late in life or are emotionally incapable of doing so due to a lack of discipline and patience.
For example, since 1980, an average American would have about $1.3 million if he had invested 10% of his gross pay in the S&P500 every year. That’s wonderful, but it’s not quite enough to qualify as rich.
One of the most intriguing elements of investing is that a single exceptional investment, if held for a long time, may dramatically change the future of your family. Decades of holding stocks in extremely profitable firms with ever-increasing revenues can result in enormous riches. Some refer to this technique as “business-like investing.” The basic strategy for generating money from stocks is to select a profitable company and keep your assets for the long term. This sort of passive investing has the ability to turn you into a millionaire.
If you come across an investing opportunity and have a little amount of money to spare (as little as $500-$1000), it’s worth a shot. You never know what the next bitcoin will be.