Save
And invest
The average person spends 40% of his take home income to pay their debt. Now that you have gained control of your finances and eliminated your debt, you will be able to take that money to save and invest it. There are three (3) things that determine how much money you will accumulate:
- The amount saved
- The rate of return
- The time invested
The chart below shows just how much you can save over the years if you invest $1,000 a month at 8%.