That total of $400 a month for 10 years is $48,000. Here is simple math for you: Let’s say you only save $400/month. Which means, it’s $14.30 a day or $100 a week to get $400 every month. So, keep reading,
$400 every month for 10 years
In 12 months or 1 Year equals $4,800
In 24 months or 2 Year equals $9,600
In 36 months or 3 Year equals $14,400
In 48 months or 4 Year equals $19,200
In 60 months or 5 Year equals $24,000
In 72 months or 6 Year equals $28,800
In 84 months or 7 Year equals $33,600
In 96 months or 8 Year equals $38,400
In 108 months or 9 Year equals $43,200
In 120 months or 10 Year equals $48,000
So, the total of your monthly deposit of $400 for 10 years is $48,000.
As a result for your 10 years effort, you already have $48,000 in your bank account. Also remember, this money will continue to grow with interest. Just keep it in that way.
Either, you also can use that money to buy an asset to increase your cash flow.
*The Annual interest were not included
The Growth Scale for saving $400 a month
Use this Timeline for your growth scale and motivation for your money long term goal. Always remind yourself to Focus on marathon not sprint. Always remind yourself to take one step at a time. Always remind yourself to keep your pace slow and steady.
In 3 Years – Once you reach this term, usually you can be the top person in your goal.
In 5 Years – And, once you reach this another term, usually you can be the top person in national authority.
In 7 Years – And then, once you reach this long enough term, usually you can be the top person in the world. Not all people can commit single things for 7 years.
While executing this plan, always tell yourself every day, you will watch your money habit. You know your habits can make or break you. You want to double your money with time.
If you are willing to take action, start doing the small things first. And increase capacity every month. Because, If you change drastically, it won’t be long-lasting. You also can read books that increase your understanding of money.
Because this is so important, I want you to know, keep in mind to watch your environment, the books, the individuals and the goals that you set for yourself.
Its good to know that you want to plan to save money for the next 10 years. Bookmark this website so that your money habits can be improved. Splashmoneyonline can help you hone your saving skill. So, you can invest it for a better return.
I need money now
Logically, you need to earn $14.30 a day within 28 days to get $400. Or $100 a week to get $400. I know that it’s impossible to get $400 instantly unless you are borrowing your friend’s money.
I have a story to tell you. This is about getting some amount of money instantly. I have a friend, who good at accounting. She works at a company with the best performance, by helping that company increase its profit. One day, my friend needs $100,000 within one week. Imagine, $100,000 within one week.
Do you know what she does? Because she already helps the company making more profit, she requesting an advantage from the company. She tells the boss, that she needs $200,000 to pay a debt, and the boss approves it, because of the values that she gives to the company.
Did you learn something from this short story? The values that you have are allowing you to borrow money from any people that you believe can help you when you need. You must show your values to the people who can help you solve your problem. When you have values, people will be more easily said yes to you.
So, what you need to do now? You must develop something, be valuable at something. And show it to the people who deserve it, and most importantly to the people who can help you when needed.
So, that’s it for today.