How to Laugh at Your Savings Account
What are your dreams? A new or larger home? A new or 2nd car? A vacation to an exotic locale like Hawaii or Tahiti? A Caribbean cruise? Would an extra $500 per month help you make some of them a reality?
This great post by Tom “Big Al” Schreiter really drives home what it takes to earn $500 per month by putting your money in the bank and shows the asset even a modest, part time network marketing business provides for you.
What It Would Take to Earn $500 per Month from Savings
With interest rates around 2%, how much money do you need in a savings account to earn $500 a month in interest?
What did you guess?
The correct answer is $300,000.
Just think how long you would have to work to earn $300,000 after taxes. And then you could relax and collect that extra $500 a month.
Earning an extra $500 a month in network marketing sure sounds a lot better.