| (you work harder than your boss, why should you have any less $$$ right ?) |
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| IT IS NOT HOW MUCH YOU EARN, BUT HOW MUCH YOU INVEST !! |
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| In a Month, |
You |
Your Boss |
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| Earn |
$2,000 |
$4,000 |
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| Spend |
$1,000 |
$1,000 |
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| Remaining |
$1,000 |
$3,000 |
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| Save in bank |
$500 |
$3,000 |
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| Invest in unit trusts |
$500 |
0 |
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| In a Year, |
You Invest… |
Your Boss Save… |
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| multiplying by 12, |
$6,000 |
$36,000 |
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GET |
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RICHER THAN |
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Unit Trusts |
Savings a/c |
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YOUR BOSS |
| Potential Returns (%) |
20 |
0.25 |
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TODAY ! |
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| Year 0 |
$6,000 |
$36,000 |
Initially… |
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| Year 1 |
$7,200 |
$36,090 |
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| Year 3 |
$10,368 |
$36,271 |
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It’s not the one who have |
| Year 5 |
$14,930 |
$36,452 |
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the headstart, but the one |
| Year 7 |
$21,499 |
$36,635 |
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who finishes the race first. |
| Year 9 |
$30,959 |
$36,818 |
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| Year 10 |
$37,150 |
$36,910 |
But eventually… |
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| Year 12 |
$53,497 |
$37,095 |
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| Year 14 |
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$37,281 |
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| Year 15 |
$92,442 |
$37,374 |
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| Year 17 |
$133,117 |
$37,561 |
HUGE |
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| Year 19 |
$191,688 |
$37,749 |
DIFFERENCE !! |
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| Year 20 |
$230,026 |
$37,843 |
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| Year 30 |
$1,424,258 |
$38,800 |
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| Year 40 |
$8,818,629 |
$39,781 |
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| If you take action NOW to manage your money, |
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| you can be so much more richer than your boss who just parks his $ in the bank ! |
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| Note: Investments could be done with cash or NON-cash (CPF) ! |
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| A sensible worker with a will to win can end up richer than the boss. This is particularly true if the boss lacks the money-management skills and will make a massive difference in the long run. Although the boss may earn more than you now, by making use of financial planning you can be the richer one at the end of the day. |
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~ by Ng Zhi Wei on May 4, 2008.
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