Why Should You Pay Yourself First When You Get Your Paycheck?
You can look at the math. If you invested $10 a day (or $300/month) and earned 10% annual return, you'd wind up with 1 year = $3,770;2 years = $7,934; 5 years = 23,231; 10 years = $61,453; 15 years = $124,341; 30 years = $678,146 ; 40 years = $1,897,224. You can pay yourself first or you can give it to credit card companies and/or other money institutes and let them get rich off of your income. You should work smarter not harder!
pwfm
Monday, July 03, 2006
Money Monday
Why Should You Pay Yourself First When You Get Your Paycheck?
You can look at the math. If you invested $10 a day (or $300/month) and earned 10% annual return, you'd wind up with 1 year = $3,770;2 years = $7,934; 5 years = 23,231; 10 years = $61,453; 15 years = $124,341; 30 years = $678,146 ; 40 years = $1,897,224. You can pay yourself first or you can give it to credit card companies and/or other money institutes and let them get rich off of your income. You should work smarter not harder!
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Good concept, but where do you get 10% interest now?
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