Teach your kids about investing, people! Time is essential for growth, and they are the only ones who have plenty of it.

I was helping my girlfriend with her homework the other day, and one of the questions was "can the average person become a millionaire through saving?"

So I asked chat gpt, and it said that to become a millionaire...

1. You'd have to save $2,000 every month from age 22 to 65

or

2. You'd have to invest $300 each month into the S&P during that same time frame.

It said that, in case #2, 90% of the wealth comes from growth, and 10% comes from investing.

Holy crap, people... Teach your kids about investing.