Pay Yourself First, Reward Yourself Later By Bargaineering.com Bargaineering.com For Poorer Than You Poorer Than YouPoorer Than You
Pay Yourself First It’s very important to pay yourself first and put even a little bit towards savings, because compound interest will reward you in the end. It’s very important to pay yourself first and put even a little bit towards savings, because compound interest will reward you in the end. In the following slides, you will see how far 40 years of savings, earning 8% a year, can get you. In the following slides, you will see how far 40 years of savings, earning 8% a year, can get you.
Saving $1 A Month Vacation in Hawaii ($3,500)
Saving $5 A Month Downpayment On A First Home ($17,500)
Saving $10 A Month Year Of Private University Tuition ($35,000)
Saving $50 A Month Start A Business In Retirement ($175,000)
Saving $100 A Month Lamborghini Murcielago ($350k)
Saving $200 A Month Ferrari Enzo ($680k) + $20,000
Saving $500 A Month Bugatti Veyron ($1.7M) + $45,000
Reward Yourself Later $50 / month = $1.64 / day = cup of coffee $50 / month = $1.64 / day = cup of coffee $200 / month = $6.56 / day = lunch $200 / month = $6.56 / day = lunch $500 / month = $16.44 / day = nice dinner $500 / month = $16.44 / day = nice dinner You don’t have to sacrifice everything, but small sacrifices can yield tremendous results! You don’t have to sacrifice everything, but small sacrifices can yield tremendous results!