Could Saving As Little As £2.81 A Day Make You A Millionaire?

Forget the lottery and uncovering buried loot. There's a far easier, and more realistic, way to become a millionaire and it's cheaper than a Boots meal deal

Beyonce and money | ELLE UK
GIF

If you ever dreamed of sitting opposite Chris Tarrant on Who Wants To Be A Millionaire? or bought a friend a lottery ticket for their 16th birthday and suddenly had the horrific thought that they could actually win and regretted your generosity (just me?), you'll be well accustomed to the fantasy that, one day, you'll become a millionaire.

A holiday home in the Bahamas.

A yacht moored at the beach on the Amalfi Coast.

ADVERTISEMENT - CONTINUE READING BELOW

A lifetime supply of Walkers Squares Salt And Vinegar crisps.

One can only dream of such luxuries, right?

via GIPHY

Well, apparently not because according to creative website Bright Side, you can actually become a millionaire pretty easily. Well, by the age of 65, at least.

With the advice of financial adviser David Bach in his book Smart Couples Finish Rich, Bright Side has created a chart showing how a smidgen of commitment and a career full of packed lunches and freebies can result in you flashing the big bucks when you retire.

MOST POPULAR

According to the chart, if 25-year-olds start saving £2.81 a day (£85.78 a month or £1026.25 a year), it'll only take them 40 years to become millionaires.

via GIPHY

Meanwhile, those in their 30s can reach that financial milestone with a manageable saving of £1823.48 a year.

While the numbers in the chart might not be 100 per cent accurate (given the fact we all have to pay those things called tax and rent), it does provide a good idea of how saving a little bit of 'dollar' can help you get on the track to affording that yacht of yours.

via GIPHY

So, how do you start to become a millionaire today?

Swap Prêt A Manger lunches for homemade soup, public transport for a brisk walk and opt for a glass of wine instead of the bottle.

See you in First Class on the flight to the Caribbean, my friends.

More from ELLE UK: