During this week’s wisdom, we’re going to talk about the value of systematic savings over a long period of time. It happens all to often where we procrastinate over saving, waiting to start a savings plan when certain things happen in our lives.
The oppotunity to start saving a is in fact today! If you save $500 per month and earn 7% interest over 30 years, you would accumulate $600,000. What if you saved $1000 per month earning the same interest rate? You would accumulate $1.2M over 30 years and $1500 per month could get you over $1.8M.
It’s not about trying to pick the hottest stock and makeing a tone of money in a short space of time. It’s not about saving later, it’s about displined savings each and ever month over a long period of time.
Start a savings plan today, it’ll really help you “Get There”!