The £80-a-week investment strategy that could make you a millionaire by retirement.

Story by RKE

When to start investing, how much to save, how quickly can you become a millionaire? Experts have calculated it. Many of us dream of becoming millionaires. Investment industry experts believe this dream can be achieved through relatively simple steps. According to them, saving just £80 a week might be key. The question is when to start.

One must remember to save

The information presented by the USA site can be particularly useful for residents of the United States but can also serve as motivation. What do financiers advise as the first step? Start saving, preferably before reaching the age of 25.  According to the Milken Institute, this gives a chance to accumulate adequate retirement funds amounting

to £882, 000. 

How much needs to be saved? Experts have estimated that £80 a week invested in the market at an annual gain of 7 percent can bring impressive savings. Under the right conditions, this can achieve millionaire status by age 65.

Bloomberg notes that following the path recommended by professionals can be a challenge for young people, especially considering that many students have educational loans. Therefore, setting aside £320 a month might seem difficult.

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Whilst u may not have a spare £320 a month to invest, any amount will compound, although in the beginning the amount compounded will seem miniscule. Stick to to your task until it sticks to you.