unclemick
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Some people really have no prospects at ever getting to $1M. If you have a limited education and a low income job and no special skills, you may live pretty much month-to-month, and not have any capital to start a business or invest in stocks. These people probably see the lottery as their only chance at $1M, and they may not be wrong.
However, as we all know, that's the worst plan of all. Cutting expenses and putting something away each month to invest or start a business may not get them $1M, but getting halfway there or even less will make for a much better retirement, early or not. It's not an all or nothing deal.
There is always the exception. My Father had an Aunt in New York City who copied the 'rich' people she worked for and invested her meager savings in mutual funds. We talking 30's to the 50's. In our family you save before you eat. Social Security plus savings investments allowed her to travel and visit and live a modest but good retirement. When she passed she paid for my Father to take her remains back to Finland and bury them in a family plot. Also left my Father 10-12k? in 1957 $ of mutual funds which he promptly sold and bought a house in the city with sidewalks.
I(age 13) went to the library and found their only book on mutual funds - The Handbook of Mutual Funds or something like that.
heh heh heh -