Compound Interest - Way to Millionaire

My first exposure of the possible way to becomes a millionaire employee is through the compound interest. Way backs in years of 1999, I read John Mak's Strategies for the Intelligent Investor and get to know of this concept. John Mak stressed the power of compound interest. He strategized the plan for an employee to becomes a millionaire through ultilizing the effect of compound interest. Compound interest is an amazing feature of money. You can see your money double, or even triple. This is where you get your money working for you, when you get paid interest on interest. It is really a great invention, and one of the best ways to grow your money. An example of compound interest: $1000 invested @ 10% = $1100 $1100 re-invested @ 10% = $1210 $1210 re-invested @ 10% = $1331 John stress that everybody can becomes a millionaire by understand and applying this concept. However, in order to apply this concept effectively, you must learn how to invest. He mentions that the secrets of getting rich using compound interest lies in 2 factors: 1. The Return Rate of Investment: Lets assume you do a one time investment of $1000: The first conclusion is, the higher the return rate of you intestment, the faster your money grows. 2. Length period of Investment: Lets assume you do a one time investment of $1000 with annual return rates of 24%: The second conclusion is, you need to invest long enough for you money to grow. Lets don't forget that the above figure is resulting from just one time investment of $1000. So if you are an employee, you can still become a millionaire by learning how to invest. Lets look at the following examples: You invest $100 in every month and assume that you get an annual return rate of 24% (Inflation rates of 3.1%) If you have notice, the example we use here is only to invest $100 per month which is such a small amount for most us nowadays. If you go to Starbuck Cafe or a restaurant a few times you may have easily spent this $100. Imaging if you can invest $500, $1000, $2000 or more per month, what will be the outcome? I was still a University student when I was expose to this concept. It becomes my first and foremost plan towards the path of millionaire. This concept forms the basic structure of my millioanire employee plan. For me this is definitely not a fast way to get rich. But it is a solid rock plan towards millionaire. After I refine and combine this basic plan with other concepts, I'm sure my dreams to millionaire will happen soon.