Inspiring Page - Here's How Much to Save Every Day To Be a Millionaire with This Millionaire Calculator. We all dreamed of having a bank account filled with at least a million dollars earned from our hard work or just winning the lottery.
Placing hours and having more than one job is not the same as making a lot of money. If you wait to become a lottery winner, keep waiting because the chances are one in 14 million.Pay yourself first and foremost. He speaks from experience since he produced his first millions by the time he was 30 years old.
It does not have to be much money. Most 20-year-olds do not earn more than $100,000 so starting with $2/day is enough to get you there.
If you can do more, do your best. Bach admits their magic number is 20. "Today, my wife, Michelle, and I are each trying to pay 20% of our gross income," he said.
Write Your Goals Down.
Bach admits that he does not think he can pay himself first. "When I first heard about this concept, I did what most people do - trying to budget, beating myself for failing, and then scrambling at the end of the year to find some money to put in my retirement and savings account, just to finding another year has come and gone and I am not making any financial progress," he wrote in his book.Rich Dad, Daddy Poor: What Their Rich Kids Know About Bad Money and Middle Class No, author Robert T. Kiyosaki, tells the sentiment.
His rich dad, Poor Dad's book sold 27 million copies. It resonates with people when he says that you get rich by saving money instead of making a lot of money.Also Read: Ripple Co-Founder Richer Than Google Founders