Page 72 - Charles Calhoun Book Rich As You Want To Be

invested if company matching is available. And

being tax deductible that $5,000 would cost even

less, $4,000 in New York State. For $4,000 out of
pocket that person could have $10,000 in their

account that year. That would be an effective

return of 150 % that first year.

But the other side of the coin is that the
person could also choose to save 0 percent and

have savings worth zero and an income of $0 per

month and per year. In that case, the money
earned over those forty years would be gone as

would the forty years. The time will pass anyway.

Why not use that time to build your fortune? Why
not become a millionaire or rich instead of poor?

And that’s why I say, “Save money. Pay yourself
first. The first bill you pay each month should be

to your own investment account.” And that will

provide a rich future for you and your loved ones.
And of course, the money you invest each month

is very important because it is an investment that

can grow and create a better future. It’s different
than the money you use to spend or pay bills where

what you spend is gone forever.

Why would anyone choose to be poor instead
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