Page 98 - Charles Calhoun Book Rich As You Want To Be

the saving a priority. Well, $4,000 per year for forty

years would grow to be $3.9 million dollars. Let’s

say $4 million dollars. If that person waits ten
years to begin, they invest for thirty years, what

would that become? It would become $1.2 million

dollars and would pay an income of $94,000 per
year or about $7,800 per month. After taxes, that

would be $5,100 per month. The questions you

might want to ask yourself are the following:
Would you rather have $4 million dollars, or would

you rather have $1.2 million dollars? I think most

people would take the $4 million. And the moral of
the story is “Get started right away.”

And would you rather retire with an income of

$5,100 net cash per month or would you rather
have an income of $17,000 net cash (after taxes)

each month?
It’s amazing but true that by starting ten

years sooner, you add $12,000 a month to your

income. That is unbelievable! But like most people,
suppose the person waited twenty years to begin

that program. So instead of saving for forty years,

they save for twenty years. Investing the same
$4,000 per year, that would grow to only $332,000

and would pay an income of just $27,000 per year
97