Time or Money — You Only Need a Lot of One to Become a Millionaire

Jenny Whichello, Bliss + Wealth
5 min readFeb 1, 2024


Hold onto your dreams, aspiring moguls! While a hefty bank account undoubtedly plays a role in reaching millionaire status, let’s dispel the myth that it’s the sole key. Turns out, the secret sauce simmering beneath the surface is something far less tangible, yet infinitely more crucial: time.

It’s time to ditch the “get rich quick” schemes and embark on a marathon, not a sprint, towards financial freedom.

Think about it. You wouldn’t expect to scale Mount Everest in a weekend, right? Building lasting wealth requires a similar kind of persistent effort, inching steadily towards the peak, not a risky, one-shot gamble. So, let’s toss those “million-dollar overnight” fantasies and embrace the reality that time is your most valuable asset in this financial climb.

But why, you ask, does time reign supreme over a hefty starting wad of cash? Let’s break it down.

Why it takes more time than dollars to become a millionaire:

Time Travel with Compound Interest: Your Magical Money Multiplier

Imagine your money transforming into a self-propelling snowball, gathering momentum and growing exponentially over time. That, my friends, is the magic of compound interest. The earlier you start investing, even with modest amounts, the more time your money has to multiply like a financial bunny on steroids. Think of it this way: every dollar you invest today is like planting a seed. With time and patience, it blossoms into a mighty money tree, showering you with financial fruit in the future.

Here’s the real kicker: even small contributions become financial powerhouses over time. Let’s say you invest a mere $20 every month with an average annual return of 8%. Fast forward 30 years (the power of time again!), and your accumulated wealth balloons to a staggering $162,894. Not bad for starting with pocket change, right? Now, crank up the return to 10%, and that same $20 snowballs into a whopping $310,509 in three decades! Time becomes your silent financial partner, working tirelessly in the background to supercharge your savings.

Imagine if you saved $200 every month instead of just $20. Well, you’d be a multi-millionaire!

Habits Over Hacks: Building Wealth Brick by Brick

Sustainable wealth creation isn’t about one-time windfalls or flashy financial maneuvers. It’s about smart, consistent habits that, over time, solidify your financial foundation. Imagine building a sturdy house, brick by brick. Every wise financial decision you make today, like curbing unnecessary expenses or automating your savings, adds another brick to your financial fortress. Remember, slow and steady wins the millionaire race, not impulsive splurges that leave your long-term goals teetering precariously.

Let’s take a concrete example. Take $5 a day that you might be spending on something random. Over a year, that’s $1,500 — money that could be fueling your investment journey. And over 30 years? Hold onto your metaphorical hats: that daily savings translates to a whopping $45,000 you could have put towards your future self! Small choices, big impact.

Delayed Gratification: The Millionaire Mindset Manifesto

We all love instant gratification, the dopamine rush of a new purchase. But let’s be honest: will that fleeting thrill get you closer to your million-dollar dreams? Probably not. The secret weapon of millionaires is delayed gratification. They understand that prioritizing long-term financial goals over fleeting pleasures ultimately leads to a more fulfilling and secure future. Every unnecessary expense they resist is a brick laid on the path to financial freedom.

For instance, instead of dropping $500 on the latest gadget, you invest it. With an 8% annual return, that seemingly small sacrifice blossoms into $2,810 over a decade! Imagine the possibilities when you multiply that responsible decision by hundreds over the years. Remember, millionaires are marathon runners, not sprinters, and delayed gratification is their ultimate training fuel.

Ready to adopt a millionaire’s mindset? Enroll in my Money Mindset Masterclass!

Knowledge is Power: Fueling Your Financial Journey

Just like you wouldn’t embark on a cross-country road trip without a map, don’t navigate the financial landscape without proper knowledge. Educate yourself! Devour books, listen to podcasts, and don’t be afraid to seek guidance from an advisor or coach. Remember, knowledge is an investment that pays off handsomely in the long run.

Think of it this way: every financial book you read, every podcast you listen to, is like adding another tool to your financial toolbox. Empowered with the right knowledge, you can make informed decisions, navigate market fluctuations, and avoid costly mistakes. So, ditch the financial guesswork and embrace the power of learning!

Time to Kickstart Your Million-Dollar Engine

Ready to ditch the “get rich quick” fantasies and embrace the power of time-driven wealth creation? Let’s shift gears and dive into actionable steps to fuel your millionaire journey:

Start Small, Dream Big: Remember our $20 monthly investment example? Even seemingly insignificant contributions can create magic over time. Start with what you can comfortably afford, even if it’s just $10 or $25. Consistency is key!

Automate Your Finances: Set up automatic transfers from your checking account to your investment accounts. This “set it and forget it” approach ensures you’re consistently feeding your financial engine, even when life gets busy.

Embrace Mindful Living: Remember the daily $5 example? Every unnecessary expense is an opportunity to invest in your future. Challenge yourself to identify areas where you can cut back painlessly, even if it means saying no to instant gratification sometimes. Remember, small dollars today translate to big rewards tomorrow.

Invest Consistently: Don’t wait for a lump sum to start investing. Even small, regular contributions can leverage the power of compound interest. Consider setting up a Systematic Investment Plan (SIP), which automatically invests a fixed amount at regular intervals.

Diversify Your Portfolio: Don’t put all your eggs in one basket! Spread your investments across different asset classes like stocks, bonds, and real estate to mitigate risk and maximize potential returns. Remember, diversification is your financial safety net.

Seek Professional Guidance: Consider hiring a financial planner to create a personalized investment plan tailored to your risk tolerance and financial goals. Their expertise can be invaluable in navigating the complexities of the financial world.

Celebrate Milestones: Reaching financial milestones, big or small, deserves recognition! Celebrate your progress to stay motivated and remind yourself of how far you’ve come. Every step forward is a step closer to your millionaire dreams.

Remember, the journey to become a millionaire is a marathon, not a sprint.

There will be ups and downs, temptations, and moments of doubt. But by embracing time as your greatest asset, prioritizing smart habits over impulsive spending, and consistently fueling your financial engine, you’ll be well on your way to conquering the millionaire mountain. So, ditch the get-rich-quick schemes, embrace the power of time, and embark on this exciting journey with newfound wisdom and determination. Remember, the road to financial freedom is paved with dedication, smart choices, and a whole lot of time — your secret weapon to unlocking a million-dollar future!



Jenny Whichello, Bliss + Wealth

On a mission to help the next generation of unstoppable women have blissful relationships with money while building wealth! Free resources @ blissandwealth.com