If you have $50, try this magic

USD 50.00

We all know about compound interest. But how many of us try this?

The true and real fact is we are not short of knowledge. Most of us know what to do and how to do to improve our financial situation. But the real problem is we don't do what we already know how to do it. Try the below method and you will never lose anything.

If you have $50, save this weekly. In a month you will save $200. If you invest this in a mutual fund, you may grow higher. But on the lower average side, if it grows at 7%, you are getting $200.17 at the end of a month. At the end of one year, you are getting $2492.98. Below is the breakdown of your 20 years period. In 20 years, you will get $104,793.08. Wow!

Year Deposit. Interest. Ending balance
1 $2,400.00 $92.98 $2,492.98
2 $2,400.00 $273.19 $5,166.17
3 $2,400.00 $466.44 $8,032.61
4 $2,400.00 $673.65 $11,106.26
5 $2,400.00 $895.85 $14,402.11
6 $2,400.00 $1,134.10 $17,936.21
7 $2,400.00 $1,389.59 $21,725.79
8 $2,400.00 $1,663.53 $25,789.33
9 $2,400.00 $1,957.29 $30,146.62
10 $2,400.00 $2,272.28 $34,818.89
11 $2,400.00 $2,610.04 $39,828.93
12 $2,400.00 $2,972.21 $45,201.14
13 $2,400.00 $3,360.57 $50,961.71
14 $2,400.00 $3,777.00 $57,138.71
15 $2,400.00 $4,223.54 $63,762.25
16 $2,400.00 $4,702.35 $70,864.60
17 $2,400.00 $5,215.78 $78,480.38
18 $2,400.00 $5,766.33 $86,646.71
19 $2,400.00 $6,356.67 $95,403.39
20 $2,400.00 $6,989.69 $104,793.08

Now I know you will say, what! in 20 years? I need it now! Unfortunately this is where most people make mistakes. Nothing in this world works like this. If you put a seed, it takes time to become a plant, then a tree and then it provides fruit. Same for cows for getting milk, same for chicken and anything and everything in the universe. We human being were needed certain period of time in our mother's womb and then we saw the word!

Most importantly, if you don't spend this money for anything else, you will learn a lot more and some priceless lesson. I know there will be tough situation when you will need this money. But if you can survive without spending it, you will learn consistency/persistence which will help and develop your mindset that will help earning more from multiple directions and from multiple sources of incomes.

If your mindset didn't work, why not try this mindset? There is nothing to lose. We are not taking your money. You can simple open a Robinhood account. It's free. Make a automatic deposit $50 weekly and help it grow to $104,793.08.. You can join using our Referral link.