Grow Your Money

It's widely known that if you can make interest work for you, you'll be more financially successful over time.

However many people mistakenly believe that putting money into mutual funds in the market is the best way to grow their money.

According to the Dalbar Report Boston, MA-(March 9, 2009): "For the 20 years ended December 31, 2008, investors had average annual returns of 1.87%. The inflation rate averaged 2.89% over that same time period."

One the reasons why gains have been minimal is because of the roller coaster ups and downs of the market.

To really grow your money, it's essential that you do two things. 1. Save each month. 2. Don't lose the principle. Warren Buffett said "I'm more concerned with a return of my money than a return on it." That's the basis of the Tin Can Theory and the Automatic Savings Machine.

*Estimate only. Because jobs, finances and health change constantly, this information should be used as an indication only, not a guarantee of when you will stop working.