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Thursday, January 04, 2007
Financial Management
If you put just $10 a day towards your debt rather than spending it on fancy cups of coffee, cigarettes, bottled water or fast food, in one year you could put $3600 towards your debt!
Assume that your savings are tax-deferred and invested at an 8 percent return, Saving $100 every month for 30 years you will get $150,129!
Pay Yourself First! Yes, you must be fair to yourself. Every month, you pay your phone bills, car loan, mortgage loan, ... and many other bills. And the last thing is pay yourself. Therefore, you have to rearrange the priority by Pay Yourself First, in order to achieve financial freedom at retirement age.
# posted by Chyong Huey @ 2:53 PM 
