MILLIONAIRE SECRETS The Power Of Savings
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Posted: 05/01/2008-22/09/2010 || Rate this Article: 3 || Views
THE POWER OF SAVINGSWhy
did I said so? Here is an example, if you are earning $3,000 per month,
you will have made $36,000 a year. Then for over 40 years, you will
have approximately $1.44 million! But of course you will say that,
"Shawn, you forgot to deduct all the expenses". Yea, indeed, I forgot
to deduct all the expenses. But here's the thing. What if you save 10%
of your income, $3,000 each and every month? You then invest the 10%
into stocks or mutual funds to get a 15% returns annually. Then for
over 40 years, how much will you make? You will have made $6.914
million! So you see, by using the miracle of compounding and the power
of savings, you can actually be a Millionaire in your lifetime!But
for most people, they spend what they earn. And after 40 years, they
save none of their money. They will then blame the whole world just
because they can't save any money. So don't be like everybody else. If
you want to be a Millionaire, then follow the footsteps of a Millionaire.
If you follow what ordinary people do, then you will end up like most
people, you spend all that you've earned. Don't just giving excuses by
saying that "I'll invest once I have the money". This is not true. If
you can't even save $1 out of $100, then you won't be able to save
$100,000 out of $1 million.Therefore stop giving excuses and
stop procrastinating. Start your investment or business plan now. Time
never waits for anyone, the day you stop and wait, you will lost the
chance of becoming a Millionaire.
Time can change everything. Slowly, day by day, although the changes is
not much everyday. But through a very long time, a small piece of sand
can be accumulated to become a big pile of sands. You must make good
use of your time.You can have a few piggy banks to help you
save up your money. It is yours to decide how much you want to save and
where the money shall goes. Maybe you can have 3 piggy banks, one is
for your investment, one is for you to spend on your luxury items that
you want to buy, another is for other business purposes. Well this is
just an example. But you must start doing this right away. And always
remember that the more you save, the shorter time you will need to
become a Millionaire.So now you know, the power of savings can make everyone a Millionaire.
But this is only through time and endurance. If you would like to read
more about the miracle of compounding and how you can be a Millionaire the guaranteed way, read this, The Sure Way To Be A Millionaire. To your success.