If you want to be a millionaire by your 60's, Ramit Sethi says you just have to start by saving $14 a day

If you start investing just $14 a day in your 20s, you'll be a millionaire by retirement, with a 7% return and a low management fee.

Ramit Sethi emphasizes tracking four essential numbers: fixed costs, long-term investments, savings, and spending amounts to ensure financial success.

Ramit advises keeping fixed costs at 50-60% of after-tax income to allocate 10% each for long-term investments and savings.

Financial success requires understanding that over time, investments can generate more income than regular wages, highlighting the power of compound interest.

Read at 24/7 Wall St.