My brother, Daniel, who’s seven years younger than I am, told me the other day that he doesn’t feel like investing because he can’t invest a lot of money. So I said, let’s do some calculations. I’ll show you that you can become a millionaire by investing small amounts of money.

My goal is to destroy one of the biggest myths of wealth-building which is that you can only get rich by investing big lumps of money. Here’s where it comes from. Let’s say you want to start investing in an S&P 500 index fund. It’s a relatively low-risk way of getting started.

And you put in $1000 of your money and you wait a year. And you see something like 8% returns, which is about the average for the past 30 years. And you think, “$80? That’s all? What am I supposed to do with that?”