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If you Must Buy - How can you Save? |
How to Save |
Personal Success Stories |
Track each $10,000.00 made |
This is the heart of our message. If you save $10,000.00 100 times, you will be a millionaire. All you have to do is save $10,000.00 at a time - and each time you save that amount, put it somewhere safe, where you won't lose it. |
A high yielding savings account is your first step in the right direction. You can normally link that account through your current bank and transfer the money online each month. Once it is in there, you're less likely to spend it. |
Think about this. $10,000.00 at 5% rate of return gives you ~$41.00 per month for the rest of your life (assuming a constant 5% rate of return). |
At a 5% Annual Percentage Rate, you get paid money for the rest of your life. That is a POWERFUL concept. Look at the table below: |
Savings Amount |
Monthly Payment |
$10,000 |
$41.00 |
Est.Value (every month) |
Dinner for two |
$20,000 |
$83.00 |
Nice Dinner for two |
$50,000 |
$208.00 |
$100,000 |
$416.00 |
Car Payment |
$500,000 |
$2,083.00 |
Mortgage Payment |
$1,000,000 |
$4,166.00 |
Don't have to work if you don't want to |
Family Dinner |
Isn't that a powerful concept? And it's simply by saving $10,000.00 at a time and only spending the interest. Each month, you actually have more to spend. The more you save, the more you have to spend. Getting the idea? Eventually you can save yourself out of your own job. |
Disclaimer: Not financial consultants - we just make sense Contact us stopspendingmoney blog |