Becoming a millionaire through the stock market may seem like a farfetched goal, but it’s possible with the right mindset and some consistent investment. Consistency is one of the most essential parts of building long-term wealth. Contributing just $500 per month to a retirement investment fund is enough to get you to millionaire status in time. If you are already contributing that amount to a 401(k) or IRA, you may well be on your way to reaching millionaire status.
One excellent stock that can help get you to your goals is the Vanguard S&P 500 ETF (VOO -0.15%). The exchange-traded fund (ETF) provides you with the benefit of diversification, is easy to buy, and allows you to take a hands-off approach to investing. Best of all, it can potentially make you a millionaire in the long run. Here’s how.
