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Home / Services / Calculators / Newsletter / Archives Financial Truth #2 "LITTLE THINGS MEAN A LOT! A SMALL CHANGE IN YOUR LIFESTYLE NOW, CAN MAKE A LARGE CHANGE IN YOUR FUTURE." Just investing $20 per week, can result in significant wealth. That is correct, investing less than $3 per day can make you wealthy. Most of us waste more than $3 per day. If a person would invest $20 per week starting at the age of 18 at an average rate of return of just 8%, he or she would have accumulated more than $550,000 by the time they retire. This is a lot more than the $16,000 the average retiree has saved now. This $550,000 will provide monthly retirement payments of $4,200 per month for over 20 years without any additional contributions. This is a significant improvement over relying only on Social Security. (May, 2003 Newsletter)
James E. Newland, CPA 939 Center Road Eastlake, Ohio 44095 440-951-9799 |
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