
Make $1M saving $50/month in 5 years
USD 0.01
Why it seems impossible?
1. We do our math and judge with it
(52 X 5 X $50)=$13000
2. Hard to keep it up, debt makes it more complex
(A lot of people are in debt and making minimum payments)
3. We are controlled by our paradigm
(our own perception and habits that control our view and behavior)
4. We may not know any such money making vehicle
(CD, Stock, Real estate etc. Can provide max 10% return with risk)
#1. The very first thing you need to do is "Don't do Math for everything!" If 1 egg takes 10 minutes to boil, 6 eggs should not take an hour.
If you are in debt, this method will not work because you will not be able to save $50 in every month consistently. So, get out of your consumer debt first. Any debt (example real estate rental) that is bringing money to your pocket after all expenses is okay for this exercise. Below are 3 most popular methods of paying off debt very fast.
The Debt Snowball method
Total Money Makeover – Dave Ramsey
Baby Step Millionaires – Dave Ramsey
(You can also search Youtube)
How much is Enough?
You were born rich – Bob Proctor
Rich Dad Poor Dad – Robert Kiyosaki
#2. The next thing is you need to change your perception. Because if perception is changed, things are changed. Do a image search in Google with the word "perception" and you will get the idea.
#3. Be open minded. Because that's how we learn and train our sub-conscious mind and build new habit. "Change your Paradigm, change your life" – Bob Proctor is a very good book on this topic.
Where we will get $1M?
It will come from wherever it is now.
It will be generated from thinking substance (The Science of getting Rich, Wallace Wattles)
You will convert your desire into money (Think and grow rich – Napoleon Hill)
You will attract it (Law of attraction, The Secret by Rhonda Bryne)
How?
1. A goal/decision (To make $1M, or any goal)
2. Discipline (persistence of your own command, $50/week for 5 years is a very good practice, Listen The strangest secret by Earl Nightingale)
3. Make/Control your thought/environment (As a Man Thinketh – James Allen)
4. A Quantum Leap (An effortless technique to go to next level, You Squared by Price Pritchett)
How much money you need?
The square of $1000 is $1M. In 5 years we have 52X5=260 week. So, you need about $4/week.
Why $50/week?
It's to impress a feeling in your sub-conscious mind that you are doing something.
It's not that challenging and not very easy.
All it requires is persistence.
Can you save more? Sure, but you need to make sure you are saving the same weekly for 5 years.
Can you save less? No, because your sub-conscious mind will not be properly trained.
Does this method work?
It certainly does. Just search internet and you will get thousands of stories about You Squared.
Summary
Decide. Remind this yourself every morning & night for 3 months.
Respect your own command. Save $50/week every week, no matter what. Read/Listen The Strangest Secret daily, about 30 min for 3 months.
Multiply your result. Read you squared daily, 1-2 pages of about 35 pages for 3 months
Why 3 months?
To train your sub-conscious mind
To make it your habit
To make it effortless.
Key Features
- ✅ Millionaire: $50/month in 5 years