Many people will make over $1,000,000 in their lifetime $50,000/yr x 25 years = $1,250,000 Then why are so few millionaires? It’s because they are “saving”, not “investing” and because they are purchasing “liabilities”, not “assets”
Banks are not doing you any favors. Banks make money, with the money that YOU lend them. Money kept in a savings account is not growing or working to increase YOUR wealth. You work HARD for your money...