Imagine if you have a Money Tree planted in your backyard. Each time you need money, you can just go to your Money Tree and pluck out some money, just like plucking fruits. Sounds like a fantasy story?
In reality, you can grow your own Money Tree. How? Read on..
By just saving $200 a month, you would have $2,400 in a year.
Then you invest this money by buying shares in companies which gives you a minimum Return on Investment (ROI) of 20% per annum.
shares, you are literally 'watering' the money tree to let it grow.
Investing your money by buying companies' shares is an interesting way to let your money work hard for you.
Also, you need patience because patience is virtue.
And guess how big your money tree would grow?
Just by saving $200 a month and invest them in shares which gives you a minimun ROI of 20% p.a., in 24 years, you will have about $1,000,000 in your account (the number of zeros are correct, your eyes are not playing tricks on you).
This is if your ROI is 20% p.a. What if your ROI is 30% p.a.? Then it will take only 18 years for you to have $1 million in your account.
What if the ROI is 50% p.a.? Then it will take 12 years plus :-)
Whenever you need money for your Christmas shopping, Chinese New Year shopping, Hari Raya shopping or Deepavali shopping, or to buy your favourite 'toy' or send your children to college, you just go to your Money Tree and 'pluck some money', that is, sell off some of your shares or spend your fruits of dividends.
But most important of all, give some to charity as well. Giving away something of your own to make someone else happy is the answer to life's happiness.
Money does not grow on trees, but you can surely grow a money tree.
-Daniel Wong
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