Have you ever wondered how millionaires make their money?
When I ask people here in Europe, they say:
- Have rich parents
- Be friends with government ministers
- Move to a high-income country like America
It makes me sad – many Europeans don’t even believe they can build wealth.
But the data shows you don’t need a high income to build wealth
A few years ago Dave Ramsey did a massive study that surveyed 10’000 American millionaires.
Here’s some of the key findings:
- 79% received no inheritance from their parents
- 80% came from middle or low-income families
- Most worked regular jobs like engineer, accountant, or teacher
- 75% said regular, consistent investing was responsible for their success
There is NO reason we can’t do the same here in Europe.
Don’t take my word for it – here are the numbers
Invest €500 a month for 10 years – you have €100K (assuming a 10% annual profit).
Invest €300 a month for 20 years – you have €216K.
Invest €200 a month for 40 years – you have €1.1 million.
Want to play with the numbers yourself?
Grab my free Financial Freedom Calculator here
Put in your assumptions and see how your wealth can grow.
I help busy Europeans become confident passive investors through a practical, step-by-step training program called The Index Masterclass.
Click here to access my free training for European investors.