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Many people dream of being a millionaire, but they feel that it is only a dream that will never happen. Most of us fear retirement because we aren�t sure we will have enough money to support our standard of living. We are constantly seeking a way to become rich quickly. Becoming a millionaire (or at least living well after retirement) isn�t as hard as it may seem. YOU can retire comfortably, but it requires patience and careful planning. While it is difficult to get rich quick or beat the market, profiting from the stock market only requires mastery of a few simple principles. If you start early, the miracle of compounding interest (or compounding growth) could make you a millionaire with a minimal of effort. It just takes time. Check out the investment calculator below to see how compound interest on regular payments can add up.
There are many myths and misconceptions regarding the stock market. Often, people believe that they just have to get in on a "hot tip" or find a way to beat the system. There are many pitfalls involved with investing. Many brokers will try to sell you on the "hottest" stock by promising you will get rich immediately. Others will try to persuade you to buy a stock promising that the price will take off soon. Many "tips" may be hype spread by people with a personal interest in raising the price of their stock. If you understand the principles behind investing, you will not fall for hype. You will be able to make informed decisions that will enable you to profit from the stock market.