There's an old saying about making money that "the first million is the hardest." And while you may laugh at that, it's actually instructive to examine what it takes to reach that milestone, and even more interesting to see how quickly you can get to $2 million mark.
If your grandfather had bought just one $40 share of Coca-Cola stock back in 1919, held it, and reinvested the dividends, it would be worth $9.8 million today. That's quite a fizzy rate of return. Which led us to wonder: Could an investor today ever replicate that result?
Years ago the fellow who was running the IRS at the time told Kiplinger's Personal Finance magazine that he figured millions of taxpayers overpaid their taxes every year by overlooking just one of the money-savers listed here.