it's good advice.... but what he is saying is not even close to being true:
a. after inflation that million will be worth closer to $250k in 40 years
b. you aren't going to get 12% average return over 40 years, half that is more realistic
c. what good is being wealthy when you are too old to enjoy it?
so long story short, after doing this your whole life, after accounting for inflation and the fact that you will never get anywhere close to 12% average return... you will end up with probably closer to $100k (in todays $$), barely enough for a downpayment on a house and a decent quality car...
