So, adding only 1.5k monthly to my mutual fund account can make me a millionaire later?

Cool. I will not buy ipods, phones etc........ but maybe buy some choppers, etc.... later on in life....... Good or bad decision? I only have 2.5k USD in mutual funds in my country and will begin adding 1.5k monthly starting next year. I also have savings accounts in my country and abroad. I also have trust funds abroad. I will never touch any of my investments nor savings for a long time. No Ipods or new mobile phones for me...... Just investments. I am 17 by the way...... Is there a possibility that I can be a millionaire? Or be like DONALD TRUMP or some other great person? Thanks.

When I have a job already as a surgeon, I will add more than 1.5k monthly... And I will also enter real estate by building hotels etc... around my country and if possible abroad too. I am only college student as of now with lots and lots of dreams and ambitions......

Contrary to popular belief, Trump is not a rags to riches success. He was able to start his empire with his father's money.

Anyone can become a millionaire. There's just different ways to achieve it. Saving is one way, and being successful in your field, like Trump, is another.

I am sure you will be surprised with the compounding interest and the consistency of your investment.

Without you telling how much your interest from your mutual fund, I can safely say that you can become more than a millionaire by 40 years old or maybe even earlier.

Hello, Ismael!
1) Good decision. You are wise. I am sure you are not American. You know how to use calculator. :-)
2) Yes, you will become a millionaire soon.
$2,500 initial investment + $1,500 monthly addition@12% annual interest= $1,020,914 in 17 years.
You will buy a helicopter by the age of 35.
I like you. :-)
GL

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