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MILLIONAIRE SECRETS - The Power Of Savings

Look around you, your friends and your families. How many of them are actually a Millionaire? None? But if I tell you that, in fact most of them can be a Millionaire merely with just savings, what will you think? This is true. Now allow me to tell you this fact. If you make good use of mathematics, and think logically, everyone of us has got the potential to be a Millionaire in our lifetime.

THE POWER OF SAVINGSWhy did I said so? Here is an example, if you are earning $3,000 per month, you will have made $36,000 a year. Then for over 40 years, you will have approximately $1.44 million! But of course you will say that, "Shawn, you forgot to deduct all the expenses". Yea, indeed, I forgot to deduct all the expenses. But here's the thing. What if you save 10% of your income, $3,000 each and every month? You then invest the 10% into stocks or mutual funds to get a 15% returns annually. Then for over 40 years, how much will you make? You will have made $6.914 million! So you see, by using the miracle of compounding and the power of savings, you can actually be a Millionaire in your lifetime!But for most people, they spend what they earn. And after 40 years, they save none of their money. They will then blame the whole world just because they can't save any money. So don't be like everybody else. If you want to be a Millionaire, then follow the footsteps of a Millionaire. If you follow what ordinary people do, then you will end up like most people, you spend all that you've earned. Don't just giving excuses by saying that "I'll invest once I have the money". This is not true. If you can't even save $1 out of $100, then you won't be able to save $100,000 out of $1 million.Therefore stop giving excuses and stop procrastinating. Start your investment or business plan now. Time never waits for anyone, the day you stop and wait, you will lost the chance of becoming a Millionaire. Time can change everything. Slowly, day by day, although the changes is not much everyday. But through a very long time, a small piece of sand can be accumulated to become a big pile of sands. You must make good use of your time.You can have a few piggy banks to help you save up your money. It is yours to decide how much you want to save and where the money shall goes. Maybe you can have 3 piggy banks, one is for your investment, one is for you to spend on your luxury items that you want to buy, another is for other business purposes. Well this is just an example. But you must start doing this right away. And always remember that the more you save, the shorter time you will need to become a Millionaire.So now you know, the power of savings can make everyone a Millionaire. But this is only through time and endurance. If you would like to read more about the miracle of compounding and how you can be a Millionaire the guaranteed way, read thisBusiness Management Articles, The Sure Way To Be A Millionaire. To your success.

Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR


Learn how to Make Money Online, live a Millionaire lifestyle in no time. Get all Free Tips Making Money Online here, http://themillionairesecrets.blogspot.com/If you don’t act on this information today you may never get the opportunity to take this life changing step again. Just follow the link and start your new life today!



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