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"How To Turn $3.33 a Day Into $264,112.48"
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Article: "How To Turn $3.33 a
Day Into
$264,112.48 "
By Andre Plessis
"How To Turn $3.33 a Day Into $264,112.48"
It doesn't take a lot of money or time or hard work involved. It's probably one of the simplest and most-proven way to get richer that help you get an enviable retirement nest egg.
To start, all you have to do is set aside $3.33 a day and eventually cut other unnecessary expenses such as coffees that cost you $1.50 per day and maybe one more little expense. If you can do that, and you put away about $3.33 a day, that's just $100 a month.
What $100 a month going to do for you? Growing tax-free for 40 years, with a 7% annual return, your investment account will be worth $264,112.48. (Stocks overall have returned an average of more than 10% a year since 1926).
Not bad for pocket change, but that's just the beginning.
Here are some other ideas for saving a even more and there that can add up to big dollars over the years.
| Save Even More | ||
|---|---|---|
| Activity | Monthly Savings | Annual Savings |
| Dining out one time less per month | $60 | $720 |
| Clothing | $30 | $360 |
| Fewer trips to car wash | $10 | $120 |
| Video rental | $15 | $180 |
| Regular coffee instead of cappuccino | $20 | $240 |
| Total | $135 | $1,620 |
If you can knock this $135 out of your monthly budget, at 10% it will grow to $ 307,843.92 in 30 years. You've practically financed your retirement with just a few small sacrifices. They key to success savings is to STICK TO YOUR PLAN!!!
If you want to see for yourself how small savings can multiply over time, spend a little time playing with our Savings Calculator. You'll see that if you can add in some big-ticket savings.
Andre Plessis
Andre Plessis
"The Mortgage Guru"
"A Mortgage Professional
whose primary goal is to provide the expertise, guidance and skills necessary to
obtain the best mortgage to meet your personal needs".
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