This is graph shows the breakdown from people who contribute different amounts per week to their individual investment accounts over a 20 year period. The results are based off of a 10% return on investment.
End of 20 year results:
$10 a week = $33,149.51
$25 a week = $82,877.77
$50 a week = $250,667.56
$100 a week = $444,300.09
Key Takeaways
You can start small
Consistency
Longevity
You Can Start Small
This graph shows you that you do not have to have a lot of money to get started for your future. You can start with small amounts of $10 a week which then adds up to a long term investment equal to around $33,000 dollars. You can see that small steps add up into bigger results. Your 20 years will pass regardless, so why not help your future self by starting today one small step at a time?
Consistency
You realize that consistency plays a big role in the results. What may trip most people up is that from year 1 -3 your results are there, but may not be as exciting as you thought. This is where a lot of people get discouraged and throw in the towel, but not you. You realize that in order to have the big results that come within the 10 - 20 year range, you have to first go through all the ones before that. You stick to the plan with consistency and one day you wake up with a huge account balance!
Be not afraid of growing slowly, be afraid only of standing still
- Chinese Proverb
Longevity
You have a long term point of view which makes the whole process that much easier. The ups and downs in the market do not trouble you because you know that your plan is for the long term of your life. When you look at a long term view, it brings calmness and relief to you in the sense that the big results are not expected to happen within a day or a week. You know that this is for the benefit of your life ahead of going into it.
Conclusion
You can apply this knowledge into investing for your future today. With consistent small steps through a long term mindset you will accomplish financial freedom in your life and be able to afford to live the life you want to live!
Comments