If you were like most people who spend all they earn, you will end up after 40 years with almost nothing. But what if you were to just save 10% of that income every month and invest it in stocks and mutual funds that earn you a 15% return a year and let your money compound? How much would you have after 40 years?



Using a financial calculator, you can easily compute that you would have accumulated $6.914 million! What? Is that right? Is there something wrong with my calculator? No! Through the power of compounding, saving just $300 a month accumulates to over $6 million in 40 years! That is the power of consistent saving and investing.

Most people feel that they do not have enough income to invest so they procrastinate by saying, 'I will start when I earn more!' Trust me, this is impossible. If you cannot save ten cents out of a dollar, you will not save $100,000 out of a million. If you cannot start with a small income, forget it when you have a bigger income. Remember that if you do not start the habit of saving and investing, you will end up with a lot more expenses when you earn more.

Stop procrastinating! Start right away! Every day you delay is costing you hundreds of thousands of lost dollars in your future. Let's look at the impact of procrastination.

If you were to save $300 a month for 25 years at a 15% annual return, you will have $826,968 in the end

If you were to start just one year later and save $300 a month for 24 years at the same 15% return, you will end up with $715,723. That's $111,245 less! In other words, waiting one year will cost you $111,245 in future dollars. This is equivalent to losing $304.78 ($111,245 divided by 365 days) of future wealth every single day that you procrastinate! Can you afford to do that?

Now that you know how savings can have such a huge impact on your future wealth, what do you do? Get ready to start increasing your monthly savings right away!