(Daily Finance) — Who wants to be a millionaire? Whowouldn’twant to be? But for those on the lower end of the pay scale, striving to achieve a seven-figure net worth probably seems futile. But it can be done. With the U.S. minimum wage paying $7.25 an hour — that amounts to $14,500 over the course of a full-time 2,000 work-hour year — becoming a millionaire on a minimum-wage salary wouldn’t be easy to accomplish by any stretch of the imagination. Even in the cheapest parts of the country, housing, health, food, utilities, clothing, and transportation costs need to be covered before investing makes sense. And even with an aggressive investment plan, reaching a $1 million target will takemultiple decadesto accomplish for someone earning minimum wage.
