WEBVTT

00:00:00.801 --> 00:00:02.135 line:80%
Pay yourself first.

00:00:03.971 --> 00:00:06.740 line:80%
Think you don't make
enough money to save some of it?

00:00:08.976 --> 00:00:10.143 line:80%
Think again.

00:00:10.644 --> 00:00:13.614 line:80%
If you earn $25,000 a year for 40 years,

00:00:14.081 --> 00:00:15.949 line:80%
you will have earned $1 million.

00:00:16.650 --> 00:00:18.886 line:80%
Earned $35,000 for 40 years

00:00:19.286 --> 00:00:21.521 line:80%
and you've earned $1.4 million.

00:00:22.556 --> 00:00:25.459 line:80%
And if you earn $45,000 for 40 years,

00:00:25.893 --> 00:00:28.228 line:80%
you'd have made $1.8 million.

00:00:29.129 --> 00:00:30.430 line:80%
Pay yourself first

00:00:30.497 --> 00:00:32.666 line:80%
and you can get ahead in the savings game.

00:00:32.933 --> 00:00:36.536 line:80%
Here's what can happen when you save
just $100 a month for 40 years.

00:00:36.970 --> 00:00:40.474 line:80%
At 3% interest,
you would have about $93,000.

00:00:41.341 --> 00:00:42.776 line:80%
At 5% interest,

00:00:42.843 --> 00:00:46.079 line:80%
you'd have about $153,240

00:00:46.413 --> 00:00:48.615 line:80%
And if you've got 9% interest,

00:00:48.882 --> 00:00:51.585 line:80%
you'd have about $472,000.

00:00:52.319 --> 00:00:54.821 line:80%
That's the power of paying yourself first.

00:00:55.188 --> 00:00:58.225 line:80%
After all, it's not what you earn,
it's what you keep.