The Million Dollar Savings Club Begins
August 17th, 2006 |
“Every Fortune begins with $1”. What a true saying. I know a lot of readers simply are unable to start saving money. I suspect it’s because saving 10% of your income is too daunting a task. So we’re going to have some fun.
I’d personally like you to join my “Million Dollar Savings Club”. What is the club? It’s a way for us to learn to save money together. Here are the rules:
- You will save $3 dollars per day in cash.
- Each dollar will be placed equally in three piles: One for saving, One for Investing, and One for giving away.
- There are no membership fees or anything like that. To be a member of the club simply set your $3 into each pile every day. We’re working on the honor system.
Certainly anyone can be a member of the club. Anyone can save $3 per day.
You might be thinking, “If I’m saving $3 per day, why is it called the Million Dollar Savings Club? ” That’s a good question and here’s the answer: The habits we learn from saving $3 per day will grow. Countless millionaires will be created from the club because some people will simply start to save more. Some people will wisely invest the investing pile. Some people will love the incredible feeling of giving money away and want to give more. The truth is, that first $3 will grow into an incredible fortune for you. It will be an amazing and exciting experience for everyone in the club.
If you want to get started right now, book mark this page. You can come back to it every few days and read my entries below. I will keep this page updated regularly.
Editor’s NOTE: Although I started the Million Dollar Savings Club back in August, you can play along from the begining. Just read my entries below. Every entry will be posted on this page.
More Posts:
How To Prepare
Kick Off
Day Two
Day 7
Day 8: How to Be Your Own Bank
Day 14
Day 15: Why Cash Is King
Day 20: Building the Habit
Day 29: How to Get Through a Cash Pinch
Day 30: Who’s Winning? (September Leader-Board)
Day 36: Counting Cold Hard Cash
Day 38: Joining the Club
Day 45: Piles of Money!
Day 51: Travis Wright Joins the Club
Day 52: The Giveaway Pile Strikes
Day 76: Million Dollar Savings Club Update
Day 79: Making Bigger Commitments *** Must Read
Day 86: Building Wealth on a Dollar Per Day
Day 87: How to Set up your Automatic Savings Account
Day 97: Money in The Bank
Day 100: Million Dollar Savings Club hits 100 Days!
Day 107: How to get a $2,500 Savings Account
Day 111: Your $39,000 Investing Pile
Day 121: Million Dollar Savings Club Update
Day 127: How to set Savings Goals for the New Year
Day 133: Create a $3,000 Emergency Fund in 5 Minutes
Day 135: Million Dollar Savings Club Update
A New Year:
New Year Kick-Off <- Start here to play along
Week 2: Bronze, Silver, and Gold
Week 3: Million Dollar Savings Club Update
Week 4: Update
Week 5: Another Weekly Update
Week 6: Interest Paid
Week 8: Million Dollar Savings Club Update
Week 10: 6 Percent Online Savings Accounts
Week 11: When to Tap your Automatic Savings Account
Week 13: How to Drive a Mercedes Benz instead of a Hyundai
Week 14: Saving Money $704.51 in 14 weeks
Week 17: Can you Beat My Record?
Week 21: $1056.24 in my Account
Week 23: Day Trading for the Little guy?
Week 25: My First Stock Trade. Take II
Week 28: 28% Return on your money
Week 31: Million Dollar Savings Club update
Week 34: Million Dollar Savings Club Turns 1 Year Old
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