Let’s say you want to become a millionaire and want to invest 100$ a month from age 25 to age 65 or 30 days 70. 40 years and 100$ a month. Let’s say I suggest you to invest this in mutual funds which will give you an annual return of 12%. Let’s just say you did that and some people think that can’t happen but this is an example to help you understand how numbers work and it worked for few even though they are natural spenders they figured out they would have more and more to live if they saved and invested and I personally have done a lot of that on good growth stock type of mutual funds.
Now let’s get back to the topic. Will you now save 100$ a month till the age of 65 or 70 or invest in mutual funds. I guarantee you that you do not definitely do a unique written budget every month. almost no one does. Those that do however find all kinds of money that’s being lost because your account is freakingly sieve. Money leaks out of it like you are sending it to the governments or something like that. You have no idea where your money goes and you make more than your parents made, you make more than your friends make virtually but you’re broke and so you clearly know how you become broke soon if you just keep saving 100$.
Let’s look at the numbers on mutual funds. Like I said investing 100$ every month till the age of 65. This will leave your bank account with exactly “ONE MILLION ONE HUNDRED AND SEVENTY SIX THOUSAND DOLLARS” making you a millionaire. So now if you are reading this and you are below 40 years old. And you don’t retire with One Million Dollars, that’s no one’s fault but yours. If you don’t agree saying its an assumption. Then please keep watching those ridiculous facebook posts your friends post every minute and sleep for 12 hours a day and party all the weekend without moving your butt off.
This is because you are worried about yourself who got thrown off the island, to get control of your own life and your own expenses and sit down and do a budget and look in the mirror at your immature self and say no, so you could put a hundred bucks a month so you could retire with dignity instead of being a burden on society and your children. You can’t help or give anybody something because you are too broke to help anybody. And you have got these great ideas about setting the other people’s lives but it is not them who need help, it is you who need help.
It’s time to save money people. IT IS THE TIME TO SAVE MONEY. That’s how you become a millionaire.