The Story Of Bonnie And Clyde
The earlier you start saving, the less you need to save and the more you will get.
Bonnie started saving at the age of 18. Every year, she allocated RM1,000 into investment fund. She does this throughout 10 years till she reaches age of 27 and no further.
Clyde started saving only at the age of 27. Every year, he allocated RM1,000 into investment fund. He does this throughout 29 years till she reaches age of 55.
By the age 55, Bonnie would have accumulated RM252,772 in savings assuming that the growth rate of 10% per year. She only invested RM10,000. Profit of 25.27 times.
However, Clyde only accumulated RM163,475 in savings assuming the same growth rate. He need to invest RM29,000. Profit of 5.63 times.
The difference between the two is very significant. Therefore, it’s up to you to choose whether you want to be Bonnie or Clyde. Bonnie is definitely my choice. This really gives a big impact and we should be more conscious and start saving immediately.
1 comment:
Hello,
could u pls explain more to me regarding this post. I dont really understand why it become like that and what it takes to become like that. Peel free to contact me : pepari261@yahoo.com
-ida-
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