Personal Finance Keys To Success

Put Your Money To Work - If you can save just $100 per month, you might struggle to decide between putting your money in a savings account, or investing in the stock market. If you can find a savings account that gives a 3% rate of return, after 10 years you will have saved up $13,980. $12,000 is from cash deposits, and $1,980 from interest. If you invest in the stock market at the average growth rate of the S&P 500, after 10 years you will have saved up $19,620. $12,000 is from cash deposits, and $7,620 from interest. Make your money work for you!