SAVINGS ADD UP, LET’S DO THE CALCULATION:
• If you begin saving 5% each day that you would normally spend on nonessentials, in one week you would save 35 dollars. And in one month 150 dollars.
• In one year this would amount to about 1,825 dollars.
• If you include 10% compound interest monthly, you could anticipate the following accumulated wealth:
• Two years – 3,967 dollars
• Five years – 11,616 dollars
• Ten years – 30,727 dollars
• Fifteen years – 62,171 dollars
• With 10% interest compounded monthly and a monthly investment of 300 dollars (10 dollars a day for 30 days), after one year, the total would be 3,770. The total continues to rise with each year.
• Two years – 7,934 dollars
• Five years – 23,231 dollars
• Ten years – 61,453 dollars
• Fifteen years – 124,341 dollars
• Thirty years – 678,146 dollars
• Forty years – 1,897,224 dollars.
• Does it seem impossible to invest 300 – 400 dollars each month for your future?
• Then begin with 100 dollars per month, amount almost anyone can set aside.
• Investing just 100 dollars per month will reap huge benefits for you at retirement age, a time when you no longer have the strength to labor.
• If you save 100 dollars cash per month for 40 years, you would have saved 48, 000 at retirement.
• However if you invest 100 dollars per month at 6% compound monthly (just leaving the money there to compound (, he earnings would be 199, 150, four times more than you could save in cash.
• Remember this return reflects using only a fixed deposit banking account.
• The money earned is apart from one’s salary, business, stock investment and so forth.
FOR THE LOVE OF GOD, CHURCH AND NATION
By Pastor Sunday Adelaja.
