| You will handle $1 million! You will probably handle over $1 million! How is this possible? Let’s figure it out. We will work an average of 40 years. If you only make an average of $25,000 per year, then you will be responsible for handling $1 million! If you earn more than $25,000 per year, then you will be handling even more millions! If you average $50,000, then you will be handling $2 million! The more you can save of what you earn, the more quickly you can become a millionaire. Your first principle should be to pay yourself 10 percent first, then live on the rest. Second, watch your expenses and keep them as low as possible. Always compare prices so you know that you are getting the best quality for the lowest price. Third, taxes are one of your highest expenses, so it makes sense to figure out how to keep them as low as possible. Many people start a business to take advantage of the many deductions. And, this business can generate another stream of cash which can give you more millions! Fourth, you need to generate multiple streams of cash flowing to you. First, may be your job. Next, may be your spouses work. Then, your business. Fifth, you will have to invest your savings so the miracle of compound interest can work in your favor. Let’s see how you can save $1 million over your 40 years of working. Let’ s start by saving only $150 per month. This is far less than the 10 percent you are going to save ($208.33 per month is 10 percent of $2,083.33 per month which is $25,000 per year). Invest it at a little over 10 percent per year and voila! You will have $1 million at your disposal. Sixth, develop other streams of cash. Investing. A business. Royalties. Real estate. And more. You will easily become a millionaire! With some planning, you will have many millions of dollars at your disposal. Copyright 2002, Better Financial Services, Inc. www.cashinflows.biz |