Pay Yourself First, Reward Yourself Later By For Poorer Than You Poorer Than YouPoorer Than You

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    18-Dec-2015
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Transcript of Pay Yourself First, Reward Yourself Later By For Poorer Than You Poorer Than YouPoorer Than You

  • Slide 1
  • Pay Yourself First, Reward Yourself Later By Bargaineering.com Bargaineering.com For Poorer Than You Poorer Than YouPoorer Than You
  • Slide 2
  • Pay Yourself First Its very important to pay yourself first and put even a little bit towards savings, because compound interest will reward you in the end. Its very important to pay yourself first and put even a little bit towards savings, because compound interest will reward you in the end. In the following slides, you will see how far 40 years of savings, earning 8% a year, can get you. In the following slides, you will see how far 40 years of savings, earning 8% a year, can get you.
  • Slide 3
  • Saving $1 A Month Vacation in Hawaii ($3,500)
  • Slide 4
  • Saving $5 A Month Downpayment On A First Home ($17,500)
  • Slide 5
  • Saving $10 A Month Year Of Private University Tuition ($35,000)
  • Slide 6
  • Saving $50 A Month Start A Business In Retirement ($175,000)
  • Slide 7
  • Saving $100 A Month Lamborghini Murcielago ($350k)
  • Slide 8
  • Saving $200 A Month Ferrari Enzo ($680k) + $20,000
  • Slide 9
  • Saving $500 A Month Bugatti Veyron ($1.7M) + $45,000
  • Slide 10
  • Reward Yourself Later $50 / month = $1.64 / day = cup of coffee $50 / month = $1.64 / day = cup of coffee $200 / month = $6.56 / day = lunch $200 / month = $6.56 / day = lunch $500 / month = $16.44 / day = nice dinner $500 / month = $16.44 / day = nice dinner You dont have to sacrifice everything, but small sacrifices can yield tremendous results! You dont have to sacrifice everything, but small sacrifices can yield tremendous results!