How to turn $500 a month into $500,000 with ASX shares
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The idea of building a half-million-dollar portfolio may sound like a stretch, but it is potentially more achievable than most people think.
With a combination of patience, discipline, and the power of compounding, even modest contributions can grow into something substantial over time.
Here’s how investing just $500 a month into ASX shares could get you there.
Step 1: Stay consistent
The first key is simple consistency. By putting aside $500 every month, you’re investing $6,000 a year. Over a decade, that’s $60,000 of your own money at work. Add another decade and you’re up to $120,000.
But here’s where the magic happens. Once those contributions are invested in quality ASX shares, or even…
