Tuesday, February 26, 2008

Become A Millionaire Saving Just 10% Of Your Income!

Imagine if you were to earn an average of $36,000 a year ($3,000 a
month) for your entire working life of thirty years. This is
assuming you start working at age 25 after graduating from
university and retire at age 55.

The total income you would receive would be $1.08 million ($36,000
x 30 years). So the good news is that you would already be earning
a million dollars in your lifetime, without any help from me.

The bad news is that if you are like most people, you would
probably spend most of the money you earn and a whole lot more. You
would end up at the end of thirty years with nothing much left.

What If you were to just invest 10% of that income a month (i.e.
$300) into the US stock market Index and allowed it to compound
annually at 12.08%, how much would it grow to?

Using a financial calculator, you will find that $300 a month
invested at 12.08% compounded annually will grow to $939,106! Isn't
that amazing!

Just by investing 10% of your income, you get back almost all of
that $1 million which you earned in the first place. This is
possible because of the amazing power that compound interest
(returns) can have on small amounts of capital over a long period
of time!

And the best part is that it takes very little investment knowledge
to do this. All you have to do is to invest consistently in the
Index.
I know that some of you are probably thinking that you don't have
thirty years to wait to make your first million. You probably want
to achieve financial fre-edom within the next 10-15 years or less!
The great news is that with some hard work and the savvy stock
picking skills, you will confidently be able to achieve a minimum
of 15%-25% compounded annual returns on your investment.

To your success

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