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Monday, March 18, 2013

One Degree

If you walk 1 km a day, deviating 1° from your original destination, how far would you be from your original destination in 1 year if you keep on that course?

It seems like a math question for high school students and you may forget how to calculate it or you just can’t be bothered to calculate the distance. If I ask you to guess the answer roughly, which one would you choose?

  • A 1 km
  • B 6 km
  • C 30 km
  • D 72 km

If you choose B, 6km, you are right.

Now, next question…

If you save $1 a day for a year and you invest it monthly with a return of 12% a year for 30 years, approximately how much money would you have at the end of 30 years? Have a rough guess.

  • A $10,000
  • B $30,000
  • C $60,000
  • D $100,000

If you choose D, $100,000, you are right! What if you save $10 instead of $1?

You can be a millionaire just by saving $10 a day!

 

1° may not be much, but over time, it can make quite a big difference.

$1 a day may not be much, but over time, it can make a big difference.

If you want your financial life to get better, just make one small change today. A small change that you do today, over time, can make a big difference in you life.

What 1° change are you going to do today? Please share in the comment.

 

Learn and Grow!

Inge Santoso, B. Com, CFP®

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