That #Fancy stuff is all good now until you've punched your last clock at retirement & notice you've worked your whole life for a million dollars, if not half & have nothing to show for it. 


$20,000 a year for 30 years of work = $600,000


$60,000 a year for 30 years of work = $1,800,000


Here is some financial literacy advice for you: 

SAVING YOUR ALL YOUR MONEY IN A YOUR BANK'S SAVINGS ACCOUNT REALLY GIVES YOUR MONEY NO VALUE. 

Let me show you how: 

-- The Rule of 72 -- a simplified way to determine how long an investment will take to double, given a fixed annual rate of interest. By dividing 72 by the annual rate of return, investors can get a rough estimate of how many years it will take for the initial investment to duplicate itself. 

Formula: "Years to double = 72 / Interest Rate" 

• Lets say you invest $100.00 into your savings account at 3% interest, it will take 24 years before you see $200.00 

• Lets say you invest that $100.00 into an investment account at 6% interest, it will take 12 years before you see $200.00 

• Most saving accounts have less than 3% interest. 

Here's what happens when you invest into a 9% or 12% account: 

• At 9%, it will take 8 years to see your $200 

• At 12%, it will take 6 years to see your $200 

JUST IMAGINE IF YOU INVESTED MORE MONEY INTO 9% and 12% Accounts. 

- Jameel Davis 


--Cultivating Minds To Own Thyself IN STORES NOW!!! 

#ElevatedWaves 

#CultivatingMinds 

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