What if you could go from having $244,815 over 30 years to $906,222 over 30 years using one simple trick? You don’t need to earn a bunch more on investments, in fact you don’t even need to change your investments. All you need to do is increase your savings rate year after year.
You see, if you were 30 years old today and saved $250 per month for the next 30 years, all while earning 6% on your investments, you would end up with $244,815 in your investment account. Now, there is nothing wrong with that, but $906,222 sounds a lot better to me.
Here’s how you do it.