How To Become A Millionaire
Proverbs 10:4 “He becometh
poor that dealeth with a slack hand, but the hand of the diligent maketh rich.”
Proverbs 12:11 “He that
tilleth his land shall be satisfied with bread, but he that followeth vain persons
is void of understanding.”
Proverbs 12:24 “The hand of
the diligent shall bear rule, but the slothful shall be under tribute.”
Proverbs 22:3 “A prudent man
foreseeth the evil, and hideth himself;
but the simple pass on, and are punished.”
American Proverb “Those who
fail to plan, plan to fail.”
Proverbs 12:10 “A righteous man regardeth the life of his beast, but
the tender mercies of the wicked are cruel.”
Proverbs 27:23 “Be thou
diligent to know the state of thy flocks, and look well to thy herds; For riches are not forever. And doth the crown endure to every
generation?”
Proverbs 21:20 “There is
treasure to be desired, and oil, in the dwelling of the wise, but a foolish man
spendeth it up.”
Proverbs 20:14 “It
is nothing, it is nothing, saith the buyer; but when he is gone his way, then
he boasteth.”
Look at the chart below to determine who was the wisest
investor if they all received a 10% return per year on their investment.
YEAR AGE MOE LARRY CURLY
1 21 $2,200 0 $4,722
2 22 $4,620 0 $7,394
3 23 $7,282 0 $10,333
4 24 $10,210 0 $13,566
5 25 $13,431 0 $17,123
6 26 $16,974 0 $21,035
7 27 $20,871 0 $25,339
8 28 $25,158 0 $30,073
9 29 $27,674 $2,200 $35,280
10 30 $30,441 $4,620 $41,008
15 35 $49,026 $20,872 $72,475
20 40 $78,957 $47,045 $141,426
25 45 $127,160 $89,198 $241,200
30 50 $204,793 $157,086 $401,886
35 55 $329,821 $266,420 $660,673
40 60 $531,180 $442,503 $1,077,452
45 65 $855,471 $726,087 $1,814,032
Millionaire By 65 Chart
|
Age |
Yearly Contribution |
Monthly contribution |
|
20 |
1391 |
116 |
|
25 |
2259 |
188 |
|
30 |
3689 |
307 |
|
35 |
6079 |
506 |
|
40 |
10168 |
847 |
|
45 |
17459 |
1455 |
|
50 |
31473 |
2623 |
|
55 |
62745 |
5229 |
|
60 |
163797 |
13650 |