What I'm about to explain to you is the key to become a millionaire. It's up to you whether you listen.
How old are you?
If you said 40 and you're male then you have 25 years left until you retire.
How would you feel
if you had to rely on the state at this age? The way things are going it's unlikely there will be a state pension anyway.
It's never too late to start saving. If you are 40 years old now, do you know how much £150 per month would grow into by the time you retire if you could get a 20% annual return on your money?
I will tell you....
£1,272,682
Yep, you'd be a millionaire just from saving £150 per month.
Guess how much you'd have if you managed to save the same amount but for an extra 5 years?
Double....?
No, almost treble!
You would have £3,446,631. That is almost £3.5 million pounds just by saving £150 per month.
If you don't believe me then take a look at this:
http://www.econedlink.org/interactives/interest.html.
By the way this is a link to an American site so the money wil be shown in dollars. I have no affiliation with this site either.
Start saving now.
