Most people are not cut out to buy individual stocks.

This isn’t an insult or a bad thing. It’s simply the reality. One that you should embrace.

When I was an undergraduate student at Cornell University, I took a psychology class called “How to Make Better Decisions?”. The course was a class taught by a large number of social psychology and economic experts to teach students how to improve their decision-making processes, backed by real-world data. One of the biggest lessons we had was about compound interest.

I learned that 90% of people are far better off investing in index funds and earning a comfortable 8–10% return every year.

The strategy, as they described it, was very simple. They showed that mathematically, investing just $500 per month every month is all you need to become a millionaire in 40 years.

You can do this by continuously purchasing VOO or SPY. It’s not hard, it takes minutes to set up, and is one of the best investing strategies by far.

So, if you’re not interested in learning how to detect patterns in non-stationary (forever-changing) data, performing financial research, and risking your hard-earned cash for a chance of greater returns, then you should at least take the insights from my education, and learn the secrets of compound interest.

And for the rest of you, here are 5 things that I will do to make savvy investors filthy rich.