Smart Step, Inc

Entries tagged as ‘saving’

Why you should invest

June 2, 2009 · Leave a Comment

Why should you invest? Investing creates freedom!

I already have Freedom, I am American? Freedom – Do you have the means to live and do exactly what you want when you want! Without saving money and investing you are tied to your job, parents, kids, the government, whoever is providing you money! Investing provides the money to help live your life your way! Just a small sampling below to show you why you should save!

Investing provides money to:

• Take care of yourself and family in retirement – no relying on a pension or the government.

• The ability to retire when you want to, not when you are able to get social security or retirement benefits from your company – if they even provide have them.

• Seize opportunities when they come along – business deals, new houses, you name it if it comes along and you don’t have money you cannot seize anything!

• Increase your sense of self worth, this comes from knowing that you don’t have to depend on anyone. This is more empowering than you will ever know until you are in the position where you have this freedom! It empowers you to write your own story, not one dictated by your provider. Don’t you want to write your own story?

• Investing gives you a sense of security that when bad does occur you are better able to manage it. You can worry about your emotions not how you will pay for everything.

This is just a small sampling of what investing can provide. Isn’t having one less dinner out worth the freedom that investing provides? That is all it takes, $25 a month, one dinner out. I even dare you to imagine missing 4 dinners out a month – $100 a month saved could rock your world! Don’t delay save now!

Categories: Motivation · money
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Don’t Spend it Save it!

November 27, 2008 · Leave a Comment

As we all head into the holiday season and some of us out for Black Friday I wanted to just give you some numbers to maybe get you to not spend as much.  And maybe even start a savings plan!  All of these numbers are done based on a 10% rate of return, which is below the market average for the long term, which is just under 12%.

Save $25 a month

Years

Value

Amount Invested

5

$1,935.93

$1,500

10

$5,121.12

$3,000

15

$10,361.76

$4,500

20

$18,984.22

$6,000

30

$56,512.20

$9,000

40

$158,101.99

$12,000

Save $50 a month

Years

Value

Amount Invested

5

$3,871.85

$3,000

10

$10,242.25

$6,000

15

$20,723.52

$7,500

20

$37,968.44

$12,000

30

$113,024.40

$18,000

40

$316,203.98

$24,000

 

Imagine what would happen if you saved more, made the 12% and started saving as early as possible? ($50 a month over 40 years at 12% is $588,238.63) Start saving today (All 25 year olds can have half a million by retirement if they do nothing more than $50)!

Categories: Finance
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