💰 Once you hit the 500k milestone, you're halfway to a million in terms of dollars, but in terms of time, you're actually more than halfway. If you invested $1000 a month, the first half a million will take you 18 years, the second half - only 7. There are also 4 big changes you're going to notice at this level. 1️⃣ The first is that most of your money isnt actually “your doing” anymore. If you invested $1,000 a month, over the course of getting to $500k, it means you put in about $220,000, but the market made up the other $280,000. Thats pretty cool, and at $500k - your portfolio could earn $40,000 a year at an 8% return. 2️⃣ Second, this is where people get in trouble. They think that if they take more risk, theyre going to hit $1 million faster, but at $500k, youre already going pretty fast and you just need to focus on not derailing that progress. 3️⃣ Third, now a 20% dip on your portfolio could be well over six figures, and thats about 8 years worth of saving at $1,000 a month. Of course, these are just paper losses, but if you actually sell them in a panic and realize those losses, that loss becomes real, and it can cost you years of your contributions. 4️⃣ And fourth, if you hit this number by the age of 45 and you never invest another dollar, you'd have about $2.3 million by the time you're 65.