G’ Day Claude Fullinfaw from Brisbane.
Topic: How much money do you need from your home based business in Brisbane to generate $100 a month?
Do you know how much cash you need to save in the bank just to earn $100 as interest a month? Right Now I am thinking of income for my retirement Passive income! So I did a little survey recently and I went to my bank And ask them the question “what would I need saved to earn $100 a month?”. Learn More!
That bank is currently giving an interest Rate of 2.7% for a fixed term monthly deposit. And so if I was able to deposit the 50,000 dollars I would earn $114 in interest that month. I would need to invest $50,000 in cash, Just to earn over $100 a month. But like I mentioned earlier I am planning for retirement.
I would certainly need much more than $50,000 in savings. Much more than $100 a month to live off. Based on the figures above I would need half a million invested just to earn little over a 1000 dollars a month. That’s just $250 a week. Just Imagine! Certainly I could never survive on that.
Although! If I doubled that to a million in savings I would have $2200 a month or $550 a week. That too would be financially tight for the two of us to live off in our retirement years. Remember… We have to factor in inflation too into all this. Not forgetting rising medical costs as we grow older.
Worst still saving the million dollars to invest would take me over 30 years if I were to save $250 a week.
As I am in my fifties now That is not a very good option – especially as I need a fast track option to get me to my security quicker. Well! The good news is I have found a financial vehicle whereby I can work part time and create a passive income that will not only pay me now but will give me my retirement security in a 10th of the time it would normally have taken.
So if you are going through a very tight financial situation at present and have very little to fall back on maybe I can help you. Connect with me as I am willing to share what is making my future look so promising now.
USANA GOLD Director
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