Millionaire Mommy's 'recipe' is worth $1 million

Millionaire Mommy Next Door offers a suggestion for making $1 million for retirement, and it all begins with lunch. You don't spend $9.50 for lunch every workday, and instead eat a $3 lunch from home. You invest the difference in a Roth IRA, and "let the account simmer for 41 years," she says. (We can only imagine how much more money you would have if lunch were a simple tuna fish sandwich and an apple, instead of, say, Lean Cuisine.)

This wonderful post illustrates the beauty and power of compound interest in a way everyone can understand. Her point is that you can make even small amounts of money work for you in a meaningful way.

You can do better than a cool million, Mommy says. Save money in the numerous ways she suggests -- these are doable, not draconian -- and put that extra money into your Roth account.
If you deposit $5,000 a year for 41 years, with a decent rate of return you'll have more than $3 million, she says.

Source: MSN