Make money. Dont spend it all. Pay off any high-interest …
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make money grow. You just did it with one cup of. coffee. Remember that if a small cup of coffee can make. such a huge difference, start looking at how you …
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?Make money.
?Don’t spend it all.
?Pay off any high-interest debts.
?Start saving and investing as soon
as you’ve paid off your debts.
Tips for Finding Money to Save
or Invest
If you are spending all your income, and never have
money to save or invest, you’ll need to look for ways
to cut back on your expenses. When you watch where
you spend your money, you will be surprised how
small everyday expenses that you can do without, add
up over a year’s time.
How much does that cup of coffee actually cost you?
Would you believe $465.84? Or even more?
Here’s how that works. If you buy a cup of coffee every
day for $1.00 (an awfully good price for a decent
cup of coffee, nowadays), that adds up to $365 a year.
If you saved that $365 for just one year, and put it into
a savings account or investment that earns 5% a year,
it would grow to $465.84 by the end of 5 years, and by
the end of 30 years, to $1,577.50.
That’s the power of “compounding.” With compound
interest, you…
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