We have all heard this before and it’s not the easiest thing to do. However, if you see that saving say 10% or more before you pay everyone else, it can add up big. To illustrate this point, David Bach, author of "The Automatic Millionaire" says if you make around $50,000 a year, 10% equals less than a $100 per week. If this money were invested at an average interest rate of 10% per year for 35 years, it would grow to $1,678,293.78.
Investments could be in Mutual Funds, Trading Accounts, Variable Annuities, or could even be in Savings/ CD or Government Bonds. You should have some help to see what your risk tolerance is and how to get started. Call Steve at 937-898-3345.
