Are We Able To Save Enough Weekly?
Being able to save each week will allow you to create the nest egg you need at time of retirement. Most people seldom know what they need to save to get a certain amount of money each and every week as interest to cover their living expenses when they retire.
What you will learn below!
In this example we are going to look at a sum of $100,000 savings in a bank account at a daily variable rate of 3.65%.
At this rate you can expect to earn approx $300 a month in income. This can vary depending on the daily interest rate.
Is $300 a month great?
But at $300 a month its not going to be enough. So #100,000 will not be good enough as savings. If you were to increase it four time to give you a weekly income of $300 it will take you to save $400,000 in the bank.
Can you survive on $300 a Week?
Now certainly $300 a week is not enough let alone for a couple to live on. Even if you have your own house paid for it will be too less. We probably need $1200 a week and this is going to take your savings to 1.6 Million Dollars in savings.
Well most people will not retire on more than $300,000 let alone 1.6 Million Dollars.
What if you could save more?
Even if they did try to save $200 a week for 25 years they most probably land up with around $550,000 in savings. Sadly, This is a 3rd of the amount needed above. Then there is inflation to take into account too.
Can you now see that it is certainly getting financially quite drastic this whole episode of saving, earning money and striving for quality living. This could be one reason why most people just sweep it all under the carpet hoping the system (government) will take care of them.
Good News Is…
Look out tomorrow for advice on how we can move forward, risk little yet create a life beyond our dreams for our family.
Tips For You Today To Pick The Right Home Based Business
Please take a pen and paper and write down everything that catches your attention
On how to pick the right company to partner with. The lady in the video is very successful and
her formula for success is one that you must copy. Good luck!
Watch out for Email 6 in a few days