Why is the first million dollars saved so hard to acheive?

Question

actually, I have been to the half way point and back down many times over the past 10 years....cant seem to get to next level! I know the stock market is main reason cause it keeps going bear but d**n already, I want to get to the next level...HOW? I'm back to half way there again and holding!

Answer 1

Because you are counting on one financial vehicle to provide the results.  Better to diversify and spread your money over many different financial vehicles for faster results.

Answer 2

If you have that much money just sitting there you should loan some of it to me and I'll pay you P&I instead of a bank. I would help you grow your money faster and you would help me get out of my troubles. Win-win situation. :)

Answer 3

Why dont you put it in a fixed deposit ?!?! Then jus keep putting the interest in there after maturity?!!?

Answer 4

Compounding on such small amounts.