00:00What if I told you that skipping your daily $5 coffee could turn you into a millionaire?
00:05Most people think you need thousands of dollars to start investing,
00:09so they leave their money in a regular bank account, where inflation slowly eats it away.
00:13Here's the secret. Compound interest.
00:16If you invest just $5 a day, that's $150 a month,
00:21into an S&P 500 index fund with an average 10% annual return,
00:25in 10 years, you'll have over $30,000.
00:28In 20 years, over $110,000.
00:32But if you keep going for 40 years, you'll walk away with over $900,000.
00:37You didn't need to be rich to start.
00:39You just needed time.
00:41Start today, even if it's just $5.
00:43Follow for more Simple Money Hacks.
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