The average Joe’s life will typically consist of working a median income job for 40 years or so, until retirement age which is currently 67. Al tough it is highly likely that this will be higher by the time I will get to retirement age (I’m 28 while writing this). So, what does this have to do with investing in stocks?

What if i told you that this average Joe can be a miljonair at retirement age without spending more than 5 minutes a month, just by investing a small portion of his income in the stocks market.

In the example above we see the average Joe, who invest 300 dollars a month for the entirety of his working life in the S&P500. The S&P500 is an index that tracks 500 of the largest and best US stocks and has historically performed around 7% annually, adjusted for inflation with dividends reinvested. Sounds nice in theory, but how do you do this in practice?

1. Register with a broker.
2. Every month after receiving your paycheck immediately transfer 10% to your brokerage account.
3. Buy a low-cost index fund that tracks the S&P500. Like Vanguards VOO.
4. Never skip a month and never make a withdraw until you’re a miljonair.

So here you have it, the average Joe became a millionaire before retirement age. He can now spend his last years very comfortably, maybe taking the whole family skiing in Switzerland every year.