Page 66 - Charles Calhoun Book Rich As You Want To Be

eventually become a millionaire but at an older age.

5 Percent Saved

If the person puts away 5 percent of their

income, that would be $2,000 per year. That is less

than $200 per month. That will grow into an
account worth $1,980,000 after 40 years. That

person would be rich and a millionaire. See, now

wasn’t that simple? And that account will kick out
an income of $148,000 per year or about $12,377

per month forever! Not bad! It would be like
winning a million-dollar lottery except that you can

control this and actually do it. There are not odds

of millions to one against you like there are in the
lotteries. You might not do as well as these

illustrations. But you might do even better.

10 Percent Saved

If the person puts away 10 percent of income,
that would be $4,000 per year. That is only $333

per month and is doable for most people who work.

They will build an account worth $3,960,806
(nearly $4 million). They will be a multi-millionaire.

And remember, this is a person with a modest

income. What if they earn more? What if they have
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