The total of $50 a month for 10 years is $6,000.
Here is a simple math for you:
Let’s say you only save $50/month.
Which means $1.80/day or $12.50/week to get it.
In 12 months or 1 Year equals $600
In 24 months or 2 Year equals $1,200
In 36 months or 3 Year equals $1,800
In 48 months or 4 Year equals $2,400
In 60 months or 5 Year equals $3,000
In 72 months or 6 Year equals $3,600
In 84 months or 7 Year equals $4,200
In 96 months or 8 Year equals $4,800
In 108 months or 9 Year equals $5,400
In 120 months or 10 Year equals $6,000
So, the total of your monthly deposit of $50 for 10 years is $6,000.
*The Annual interest were not included
Do you think it is hard to save this amount of money every month?
I’m very sure that you will feel hard in the beginning and getting more effortless in the end. You will cry. You will feel hungry. You will feel tired of hard-working. You will doubt yourself, but never give within 10 years. Because your money values will increase over time. Once you get started, just keep your pace stable. Think about the long term, not the short term. Think about a marathon, not a sprint. Think like a winner, not a quitter. Because, a winner never quit.
If you have a winner mindset, you will never quit. Because, a winner never quit.
Better start saving now. while you still single, while you are still young, while you still not lazy, while you still don’t commit to your own family (wife or husband and children). Just start small. it’s better than nothing.
Read Also: Save Money and Invest: Grow your Knowledge at SplashMoneyOnline
Do you know?
You are responsible for your own financial condition. If you can’t manage it wisely, it will bring you far away from achieving financial freedom. Because others won’t do that for you, you are the only person who will do it for yourself. Because you will be married and raise a family in the future. So, get started to track and control your money for a better future.