In many ways, we always think the impossible is really an impossible. Maybe because we focus too much on the final result. But what is more important is the journey. A small act everyday, through persistence routine can yield a magnificent result.
How many of us believe that anyone can be millionaire by putting a dollar aside each day? If this is possible, we surely have many millionaires in this world, rite? The problem is we always look at other people and choose to believe what the majority believe.
How many of us believe that anyone can be millionaire by putting a dollar aside each day? If this is possible, we surely have many millionaires in this world, rite? The problem is we always look at other people and choose to believe what the majority believe.
A Dollar a Day ..... A Slow Way
One of the greatest human invention in the world of investment and economics is 'interest'. I am talking about good interest here, not the bad one. The interest (or dividend) is simply the return that we get for the investment which is made. Usually in term of percentage and at yearly basis, although not necessarily. However, interest by itself is not really helpful to make us rich. The interest need to be compounded year in and year out. This simply means reinvesting the interest as investment.
"A great physicist, Albert Einstein once referred to compounded interest as the eight wonder of the world"
How A Dollar A Day Can Turn to ONE MILLION at Different Rate in 66 Years
See that!! We can be a millionaire given that you put aside a dollar each day at the right place. We just need to be consistent and live long enough. In country like Malaysia, it is not hard to find place to put in your money. Amanah Saham Bumiputra (ASB) is one of great place to start. The fund consistently yield dividend no less than 7% each year (Dividend + Bonus). Buy..Hey!!! That is a dollar a day, 30 dollars a month. How about putting extra..60 Dollars a month, or 100 Dollars a month. Get it now???
But I am at thirties right now. How I can buy back the 30 years which had passed?
Do not despair. Our first mistake was : not to initiate the investment a long time ago. But the biggest mistake is not to start it now. Remember, the journey is more important than the destination.
One of the greatest human invention in the world of investment and economics is 'interest'. I am talking about good interest here, not the bad one. The interest (or dividend) is simply the return that we get for the investment which is made. Usually in term of percentage and at yearly basis, although not necessarily. However, interest by itself is not really helpful to make us rich. The interest need to be compounded year in and year out. This simply means reinvesting the interest as investment.
"A great physicist, Albert Einstein once referred to compounded interest as the eight wonder of the world"
How A Dollar A Day Can Turn to ONE MILLION at Different Rate in 66 Years
| Invest In | Interest | | Amount Accumulated |
| (Hidden in a mattress) | 0% | | $24,000 |
| (In a savings account) | 3% | | $77,000 |
| (Certificates of deposit) | 5% | | $193,000 |
| (Corporate bonds) | 8% | | $1,000,000 |
| (Growth mutual funds) | 10% | | $2,700,000 |
| (Aggressive growth mutual funds) | 15% | | $50,000,000 |
| (Real Estate, businesses) | 20% | | $1,000,000,000 |
| | | | (That's One Billion!) |
See that!! We can be a millionaire given that you put aside a dollar each day at the right place. We just need to be consistent and live long enough. In country like Malaysia, it is not hard to find place to put in your money. Amanah Saham Bumiputra (ASB) is one of great place to start. The fund consistently yield dividend no less than 7% each year (Dividend + Bonus). Buy..Hey!!! That is a dollar a day, 30 dollars a month. How about putting extra..60 Dollars a month, or 100 Dollars a month. Get it now???
But I am at thirties right now. How I can buy back the 30 years which had passed?
Do not despair. Our first mistake was : not to initiate the investment a long time ago. But the biggest mistake is not to start it now. Remember, the journey is more important than the destination.
1 comment:
One thing that Malaysian education lack of is to teach people about money. And I agree with you that it's never too late to start acquire knowledge about money.
Thanks to you for all the great insights posted! Am definitely coming back to read your blog :)
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