In the poor country, an employee has ~$300 monthly salary and $200 monthly is enough not to die from the hunger. How to use remaining $100 to get rid of his poverty and to start having $2000-$5000 monthly as American has?

closed as too broad by Pete B., Ganesh Sittampalam Jan 8 '18 at 12:13

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    You can't get $1 million by investing $100 a month for 20 years. That would need an annual return of about 32.3%, which is completely unachievable. The actual amount invested is only $24,000. – Mike Scott Jan 8 '18 at 10:53
  • But I believe that person can reinvest ~50% of his profit, increasing that actual invested amount. – Eugene Kaurov Jan 8 '18 at 11:48
  • Make sure your financial goals match the outcomes you want to achieve. If you only need $200 monthly for living expenses, at retirement you would only need ~ $100,000 to invest everything in simple 2% interest-earning investments, to be able to afford your living expenses off of pure low-risk interest earnings. That $100,000 alone is quite a feat, and could be achieved in about 30 years, earning ~7% average returns on an investment portfolio contributing $100 / month. – Grade 'Eh' Bacon Jan 8 '18 at 13:46
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    "How to use remaining $100 to get rid of his poverty and to start having $2000-$5000 monthly as American has?" The simple answer is to be an immigrant - move to somewhere with a lot of money and growth, like China, Korea, Singapore, etc. This has been the "story of life" forever. – Fattie Jan 8 '18 at 14:54
  • @EugeneKaurov Assuming you reinvest all the interest, you still need an annual return of over 27%, which is also completely unrealistic. – chepner Jan 8 '18 at 15:07

Any traditional or safe investment like bonds is not going to take you anywhere near 1 million dollars. So is the case with shares or other similar instruments. For example, when I checked monthly investment of 100$ compounded at 5% for 20 years, the figure roughly touched 50,000$.

Only one possible way I can think of is investing in own skills and finding a better job. Nowadays, one does not need to travel to US to work for a US firm. There are plenty of offshore opportunities. Depending upon your educational background, you may want to try hard to find a better job. Once you start to earn at least few thousand dollars a month, you should be in a better position to plan long term investments.

Simple rule is this: Invest on yourself.

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