The Advantage of Starting Young and Disciplined...
Retire Young and Wealthy!
Millennials referred here are those that have ages between 21-35 years old. They comprise more than 50% of the total population of the Philippines as of 2017. If you belong to this group, you have a totally different situation, and needs a different approach into investing. Actually, you are the luckiest bunch of investors. You have the luxury of time. Time is your greatest asset.
http://8874hf.trulyrichmakers.com/millennials/
You are highly connected in the internet. On-line most of their time. Exposed to interesting travel spots, updated gadgets, and places to eat. Search engines in the net exposes you to many spending opportunities. Would normally hop from one job to another. Most of you, plan to marry in their early 30’s. Correct?
Most of you go by the by-line “YOLO- You Only Live Once”. Enjoy freedom and spend most of your income on food, travels, and gadgets. Investing for takes the back seat. You simply want to enjoy life.
However, you are gifted with time. You do not have to invest a lot of money to prepare for their future. 20-30 years of investment period is an advantage they have. You don’t have to invest so much to accumulate millions !!!. You just have to start early.
Do you know that if you are a millennial at 20 years old, you only need to invest 3000Php for 20 years, and you can achieve 3M. At 30 years of age, and up,you normally to plan to marry and have your own family. This is your new challenge. How to accumulate money for your wedding day. If you start to save at 20 Years of age, at least 50Php/Day or 1500Php/Month, you will have 346,069 Pesos in 10 years for your wedding. If you want a bigger budget, you need to save more. (Assuming a compounded rate of return of 12%)!
A complete retirement plan for a 30 Year Old can be as low 100 Pesos per day or 3000 Pesos/Month. With this, they can achieve about 10.3M Pesos investment accumulation at age 60.
If you start to Invest at age 40 , with 100 Pesos a day or 3000 Pesos/Month, you could accumulate about 3M Pesos by the time you turn 60 too!
Based on the above examples of two guys investing at the same time, one is 30 years old (let's give him a name: John) who invested 3K and the 40 year old (say his name is James) invested 3000 per month too, when they both reach 60 years old, the total accumulation of James is less than half of John . This is because John has 30 years to let his 100 Pesos Per Day to grow while James only has 20 to invest to reach age 60. So do you see the importance of starting young?
Based on the above examples of two guys investing at the same time, one is 30 years old (let's give him a name: John) who invested 3K and the 40 year old (say his name is James) invested 3000 per month too, when they both reach 60 years old, the total accumulation of James is less than half of John . This is because John has 30 years to let his 100 Pesos Per Day to grow while James only has 20 to invest to reach age 60. So do you see the importance of starting young?
Time is really Gold! . The earlier you start, the more you can accumulate through the Power of Compounding Interest. This is practically in the range of 100-150 Pesos per day of savings only which most of Millennial working with even just 500Php/day income can save. “Agree ka ba bes”?
Now, I want you to secure a bright and prosperous future, don't delay. Contact us NOW at 0920-902-1217 or eMail me at richbenj.santiago@gmail.com.
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Benj Fely Santiago
Truly Rich Makers Founder
Debt Destroyers Author
Senior Executive Vice Chairman IMG
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