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Think you need a fortune to build wealth? Think again. With the right strategy and a healthy dose of patience, even small monthly investments can grow into substantial wealth over time. GOBankingRates spoke with financial experts to uncover some practical ways to build wealth by investing as little as $100 a month.

Millennial adults represent a generation that is going through a lot of milestones and “firsts” in their live. This can be a wedding, the birth of a child, the purchase of a home or a new job. In turn, they are also facing specific financial challenges, which, combined with inflation and high rates, can be difficult to navigate.

Gen Z — the first digitally native generation — faces a specific set of financial challenges. At the same time, this election will also be the first time voting for many GenZers. In terms of challenges, these young adults have to navigate inflation, exploding rates, and the resumption of student loans — which had been paused for three years. In turn, certain financial policies could benefit this cohort of Americans under a Trump administration.

It’s easy to roll your eyes at some of the seemingly ridiculous purchases that wealthy people make. After all, do you really need a gold bidet? But, according to financial experts, some of their more spendy buys may actually be wise.