Day 20 of the Christmas countdown. Who wouldn’t want money for Christmas? But no, today’s gift is not money. Today’s gift is financial literacy. GIVE someone a million dollars and they will surely spend it. TEACH someone how to earn a million dollars and they most likey will earn more. Let me share some simple money math: a full time job requires 2080 hours of work annually. $15 an hour would wield an annual salary of $31,200.00. The average person works for 40 years. 40 x 31,200 equals $1,248,000.00. Yep. You would earn over a million dollars making $30,000.00 a year and working to retirement. Imagine making $20, $30, $40 or $50 an hour. How much could you have for retirement? Wish I had learned this much earlier than I did. Hopefully my children can benefit from and appreciate this when they reach my age. If you do not know how to manage the money you earn find someone to teach you how.
The Real Life Corner 