THINKING OF SAVING MONEY TO BE RICH?? NO WAY!

by Newton , at 23:29 , have 0 comments
Have you ever seen any person saving money even if it is since his
childhood become a billionaire?Certainly not,although saving may see
you climb the ladder and reach the millionaires club it will neve make
you super rich.That's why the title of my blog is not 'HOW TO BECOME A
BILLIONAIRE BY SAVING MONEY'
In this era the average rate of inflation is 4% to 6% while savings
account yield about 0.3%.If you opt for this as a method of making
money,be sure your money is being 'eaten away'.This is the main reason
why banks will continue being rich at your expense and you continue
being poor.For instance,lets take John who invests $300 a month
starting his early 20's and the percantage return of his bank is about
8%.If he saves for 40 years,he will approximately be having$750,000
when he reaches 60 years.60 years???NO WAY! I want you to retire young
and enjoy your money so the only option i leave you with is INVESTING
and i will guide you in my next article..PLEASE SHARE---->
THINKING OF SAVING MONEY TO BE RICH?? NO WAY!
THINKING OF SAVING MONEY TO BE RICH?? NO WAY! - written by Newton , published at 23:29 , categorized as financial freedom . And have 0 comments
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