How Quickly Can You Make $1,000,000 by Investing?

Your path to becoming a millionaire is more accessible than you think.

Source: Canva

Can you invest your way to millionaire status?

Yes, if you’re patient.

Sure, in theory, you could drop $100,000 on some $2 stock and pray that it jumps to $20 — but that’s unrealistic, risky, and impractical. Plus, you’d need $100,000.

If you’re impatient and expect to see immediate, gargantuan returns, you’re going to burn through your money. Investing in the stock market isn’t a get-rich-quick scheme. Don’t dump your hard-earned savings into an “up-and-coming” stock and cross your fingers that it takes off.

If that’s your mindset, you might as well play roulette at the closest casino and put it all on red. Because speculative investing is pretty much gambling.

At least with roulette, you’ll immediately know if you’re a winner or loser.

Let’s say you had the foresight and fortitude to invest $1,005 in Netflix back in 2002 when its IPO share price was only $15. Keep in mind, Netflix didn’t look like it does today — their original business model was based on DVD rentals, a market that Blockbuster (R.I.P.) dominated at the time. To give you an idea of the contrast, in 2002, they had 600,000…