The Power Of Savings

By: Shawn Lim
THE POWER OF SAVINGSWhydid I said so? Here is an example, if you are earning $3,000 per month,you will have made $36,000 a year. Then for over 40 years, you willhave approximately $1.44 million! But of course you will say that,"Shawn, you forgot to deduct all the expenses". Yea, indeed, I forgotto deduct all the expenses. But here's the thing. What if you save 10%of your income, $3,000 each and every month? You then invest the 10%into stocks or mutual funds to get a 15% returns annually. Then forover 40 years, how much will you make? You will have made $6.914million! So you see, by using the miracle of compounding and the powerof savings, you can actually be a Millionaire in your lifetime!Butfor most people, they spend what they earn. And after 40 years, theysave none of their money. They will then blame the whole world justbecause they can't save any money.

So don't be like everybody else. Ifyou want to be a Millionaire, then follow the footsteps of a Millionaire.If you follow what ordinary people do, then you will end up like mostpeople, you spend all that you've earned. Don't just giving excuses bysaying that "I'll invest once I have the money". This is not true. Ifyou can't even save $1 out of $100, then you won't be able to save$100,000 out of $1 million.Therefore stop giving excuses andstop procrastinating. Start your investment or business plan now. Timenever waits for anyone, the day you stop and wait, you will lost thechance of becoming a Millionaire.Time can change everything. Slowly, day by day, although the changes isnot much everyday. But through a very long time, a small piece of sandcan be accumulated to become a big pile of sands. You must make gooduse of your time.You can have a few piggy banks to help yousave up your money. It is yours to decide how much you want to save andwhere the money shall goes. Maybe you can have 3 piggy banks, one isfor your investment, one is for you to spend on your luxury items thatyou want to buy, another is for other business purposes. Well this isjust an example. But you must start doing this right away. And alwaysremember that the more you save, the shorter time you will need tobecome a Millionaire.So now you know, the power of savings can make everyone a Millionaire.But this is only through time and endurance. If you would like to readmore about the miracle of compounding and how you can be a Millionaire the guaranteed way, read thisFree Articles, The Sure Way To Be A Millionaire. To your success.

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