The growth is less when adjusting for inflation, but still, you reach $1 million real today dollars
in 44 years from saving just $400/month! That’s not even $100 per week! So over the long run,
everyone in this course, utilizing the power of compound interest, can become a millionaire, and
in real inflation adjusted dollars.
I hope that these illustrations of the power of savings have given you great motivation to manage
your finances in a way that allows you to save at least 20% of your take-home income. The best,
and most important, way to start to do this is by making sure that your fixed expenses – those
things that you have to pay every month and cannot easily get out of – do not go over 50% of
your take-home income.
A pie chart of the 50-30-20 MoneyPlan looks like this: