You could be a millionaire with just a dollar a day

Still not fast enough for you? OK, there is a way to speed things up. Could you plant two or three seeds a day? Or five? Or ten? What does that do? Let’s go straight to the point. If you save ten dollars a day every day and put it into the right mutual funds, stocks, or real estate and let the clock tick down to 20%, you’re a millionaire in just 20 years! (Pop, pop, pop, pop) Excited yet?

What makes a few dollars a day turn into such large amounts of money? It is the power of compound interest. You’ve heard of this before, but I want you to really understand the concept because it will propel you towards your dreams. Einstein himself said: “The most powerful invention of man is compound interest.” Compound interest is a magic magnifying glass for money. Compound interest works for you while you sleep.

Remember, compound money never sleeps. Every second of every day. 24 hours a day. the 365 days of the year. You have to find a way to make money work for you instead of you working for money. And all it takes is a few dollars a day! You don’t have to be a financial genius. You don’t have to own a big company. You can do it from your kitchen table using the money you are now foolishly throwing away. If you just redirect some of your wasted dollars back into some well-timed investments, you can achieve financial success. It is within your reach.

Look at that dollar bill again. Take care of him. It is a money seed. I bet you’ll think twice before throwing away one of those silly green papers. It’s like throwing the seed out of a million dollar money tree. (maybe even a billion dollar tree).

Every time you save one of those money seeds, you start your path to riches. The real key is to keep saving money, even if it’s just a dollar. Let the numbers whisper their silent but relentless message. Consistency. Day in. Day after day. Save money. Save money. Save money. Invest. Invest. Invest. It doesn’t matter much which investment you choose. Underperforming government securities are fine… as long as you consistently invest for the long term.

Save constantly. Invest consistently. Like clockwork. Old Faithful. It can be boring. It can be boring. It can be hard. It could take discipline, persistence, sacrifice. No matter. Just do it.

I met a young man in Chicago who had made a decision to make his future bright by toning down his desires for today. He worked full time as did his spouse. If they had been like the normal young married couple (broke), they would have pooled their two paychecks and bought a new car (with a high monthly payment), stretched out on “too much house” and stressed out for the next 30 years. Instead, this young couple makes an unusual decision. They decided to live in “a house that is too small”. They then disciplined themselves to get by on their paycheck and save their entire $2,000 monthly income. They put the money into well-selected mutual funds and saw the cash begin to accumulate.

This is true prosperity.

Live with less than you earn.

Invest the surplus.

Avoid debt.

Build long-term security

It’s my not to be get rich quick. But it’s getting rich for sure.

There is the exciting rabbit.

But the tortoise laughs slowly all the way to the bench.

But there won’t be billions, not millions, not thousands, not anything at all unless you start with this plan… you have to start today. Because waiting even one day can be extremely costly as I will now demonstrate.

Suppose you could save $200 a month. Set a goal for it to grow 20% per year for the next 20 years. Now, 20% is no small feat… but with some fancy stock picks, some real estate, and maybe an additional small business, he thinks he can do it. According to my calculator, $200 per month at 20% for 20 years becomes $632,000. Nothing bad!

Now suppose that instead of starting now, you wait a year to start. This leaves you with only 19 years of growth instead of 20. How much will be in your bank account 20 years from now? Only $516,000. That’s $116,000 less than he could have had had he started on time. In other words, her procrastination of him cost her $116,000 in the future! Procrastination is expensive.

For each of the 365 days he waited, his future portfolio was reduced by more than $300. (116,000 / 365 = $317.81) In other words, every day you postpone this plan, it costs you $300 future dollars. Every hour you wait costs you more than $13. You’re wasting $13 an hour, 24 hours a day.

What would happen if you invested the same $200 per month for thirty years? The cost of waiting that extra year is now a whopping $842,803. That’s how it is! Waiting another year cost you almost a million dollars in the future. That’s over two thousand dollars a day. Or almost $100 an hour!

Let me say this again for emphasis. Every day you wait, every hour you delay, is like burning your financial future. Do it now. Yes, it will require sacrifice. It means putting off gratification for a while to allow your money tree to grow. When you prematurely pick fruit from your money tree, you stunt its growth and this can drastically slow down the time for you to enjoy a fully mature and fruitful money tree.

Now why is all this money multiplied? In the truest sense, money is a spiritual concept. With proper planning, you can not only take care of yourself and your loved ones, but you can also leave a positive legacy for your posterity. If you’re not going to do it for yourself, at least do it for them.

Now, look at that dollar bill one more time.

This simple money seed contains the power to bless you and countless future generations… if you start now. A rich future is waiting for you. It’s worth the sacrifice. Let nothing divert you from your task. As we continue, I’m going to share with you the other six secrets or skills that will make this bright financial future a reality for you.

Remember, it all starts with a single dollar bill.