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.
A lifetime supply of Walkers Squares Salt And Vinegar crisps.
One can only dream of such luxuries, right?
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.
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.
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.
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.
Katie O'Malley is the Site Director on ELLE UK. On a daily basis you’ll find Katie managing all digital workflow, editing site, video and newsletter content, liaising with commercial and sales teams on new partnerships and deals (eg Nike, Tiffany & Co., Cartier etc), implementing new digital strategies and compiling in-depth data traffic, SEO and ecomm reports. In addition to appearing on the radio and on TV, as well as interviewing everyone from Oprah Winfrey to Rishi Sunak PM, Katie enjoys writing about lifestyle, culture, wellness, fitness, fashion, and more.
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