Saving Is Slow. This Is Faster

This is your reminder that saving $5 a day is $1,825 a year. Canceling your $20 Netflix subscription, well, that saves you $220 a year. And skipping your weekly takeout, that saves you $2,000 a year. Then if you invest that $4,045 each year, an 8% average annual return, then in 45 years you'll have over $1.85 million. But the real pro move is investing in you. If you take that $4,045 and you learn a new skill, business buying, then you figure out how to do creative of financing, you buy a business that makes $100,000 a year in profit. You buy it for $200K. I know you don't have the money to do that, but you only put down 10 to 20%, which means you're able to buy it for $10 to $20K down, and you just replaced a six-figure job to do it. Then you grow it to $200K in profit, and you are able to then sell it for $400 to $600K because the more money you make, the higher the price. So yes, save, but also invest smarter.