Saturday, May 26, 2007


1 million saving for retirement ? It might seem a large amount to save.

Yet, it may looks very hard to achieve. However,it will only takes 20 year for you to achieve it. How ? Think different way. How about lowering your sights. You may start by aiming to accumulate savings equal to two times of your annual income. Once you had hit that milestone, then you can see the financial wind will be at your back. From that point , you can proceed to the next step. Reaching your retirement savings goal.

You may wonder how will you ever accumulate enough money ? Actually, one thing that you have to understand is that, once you reach a certain level of saving , most of the money should come from your own investment growth.

Let's say your annual income now is $80,000. To proceed with this concept , meaning that you have to save $160,000 for the first step. When you achieve the target ,your next action is … to find an investment platform that will give you a minimum returns of at least 10% per annum.

Over the next 12 months, your $160,000 portfolio would increase to $176,000. In the 5th year it will increase to $257,681 , then increase to $414,997 in the 10th year. Actually it only takes 20 years to achieve your target ……to $1,076,387. Didn’t believe me ? Well , calculate it by yourself …… if I’m wrong , please let me know.
Where to invest ? Do your homework. There are plenty of investment agencies available.

So, see you at millionaires club in the next 20 years.

1 comment:

Anonymous said...

hi, i think it is very good if your can write what platform investment that can offer 10%,