47 0 0 0 13 6. That’s a how invest money with small amount more commonly associated with the middle class. That sense of comfort is more attainable than you might think.

Contrary to popular belief, inheritance played a small role in the success of most of the seven-figure club’s 10 million members. And the vast majority of millionaires attribute their investment success not to exotic instruments like hedge funds or private equity, but to tried-and-true buy-and-hold investing of basic stocks and bonds. Fallaw, advancing the work of her father, Thomas Stanley, co- author of The Millionaire Next Door. Here’s how to apply these qualities to your portfolio. But this understates the real impact.

Charles Ellis, author of The Index Revolution. Lowering costs by three-quarters of a percentage point isn’t that hard with index funds and ETFs. 1 million involves being disciplined enough to go against the tide. You don’t need to resort to investment exotica, either, to find ways to boost returns while reducing risk in your portfolio.