Friday, October 19, 2012

Make a Million Dollars In Your Lifetime

Most of us think that the only way we will make a million dollars is by winning the lottery.  Although it is possible, it is not very probable that we will win a million dollars.  But there is another way to make a million dollars.  You can plan, earn and save a million dollars by the time you retire.  If you start young enough or right now, you will eventually earn a million dollars.

Save A Million Dollars

 Start right now saving $150 per month.  Try to find a safe investment that makes at least 10% interest per year.  If you are 18 years old and you save $150 per month in an investment making 10%, you will have a million dollars saved up by the time you are 60 years old and ready to retire.

Remember the tortoise and the hare.  Sure and steady win the race.  You will be happy when you are sixty.  Even if you are over 18, you can still save a nice retirement by starting right now.  Just put more in savings per month if you can.

Be Frugal

 If you want to retire someday and live for the rest of your life on the money you have saved, you may have to live frugally now.  Do you remember the story about the divorced school teacher that raised three kids and managed to save a million dollars up in her savings account.  She did it by living frugally.  She even washed her aluminum foil off and reused it whenever possible.

Use Coupons

 You can save yourself thousands of dollars each year by using coupons.  Take the money that you have saved and immediately put it into your savings account.  You will then be able to start making money on the money that you saved.

Using coupons is becoming easier than ever.  There are coupon websites that will allow you to choose all of the available coupons that you want and print them all at once, saving you time and money.

Start planning and saving today and you will be a millionaire before you know it.

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