Saving $100,000

How long will it take to accumulate $100,000? We can look at a monthly contribution of $100. $500 and $1000 into a savings vehicle with a return of 6% and 12%, $100 at 6% will take 385 months to accumulate $100,000 not counting inflation and assuming there is no taxes on the interest.
$100 6% 385 months or 32 years and a month
$100 12% 241 months or 20 years and a month
$500 6% 139 months or 11 years and 7 months
$500 12% 111 months or 9 years and 3 months
$1000 6% 82 months or 6 years and 10 months
$1000 12% 70 months or 5 years and 10 months

All the above require putting extra money into a savings vehicle where it is never touched until a $100,000 is accumulated. The discipline and sometimes sacrifice it would take to achieve any one of these scenarios would be monumental and I dare say that not many people would be able to succeed.

What if there was a way to achieve the above in 6 to 12 years without making any additional payments into a savings account or for that matter not paying any additional money to any vehicle. Would you be interested? Click Here to find out more!