Here’s How Long It Takes To Become A Millionaire In Maine
Better take your vitamins.
The folks at GoBankingRates.com did a little tabulating based on the median income per state, the cost of living there, savings per year, and investments among other stuff.
They found that with investing, that it only takes about 28 years to become a millionaire in Maryland, because the median income there is $79,000, the most in the country.
Meanwhile here in Maine, providing that you don't blow your cash on beef jerky and Pabst Blue Ribbon and invest it, it takes 97 and-a-half years to become a millionaire. Don't invest your dollars, and it would take 102 years, 10 months and 10 days to pull it off.
GoBankingRates.com says the best way to grow you money is to invest it in things like CDs, stocks, municipal bonds and real estate.