Making big money from little savings
I have read that the average amount earned by a university graduate over the course of their lifetime is about $2 million. This works out to about $66,666 per year.
If you manage to save an average of just 1% on everything you spend, you will save $666 per year. If you invested this and got a 6% return for the duration of your working life (call it 30 years), you would end up with about $55,800.
Are you prepared to squeeze your toothpaste tube a bit harder (or cut it open as Mandy suggests) for $55,800. I am.
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