Opera News

Opera News App

Small earners Saving method to earn you 300k at end of 4 years

djflykicks
By djflykicks | self meida writer
Published 24 days ago - 18 views

Saving to invest is one of the major goals of most successful people in the world. First of all you can't save without a goal. One has to put clear objective of what he or she wants to do with the accumulated amount of money at the end of it. After declaring your objective then you have to employ good saving strategies to help you to meet your target. For the purpose of this article am going to elaborate a good and flexible saving method to help achieve your future goals. The following formula is useful to small earners who earn less than 20000 per month.

I Know many are self employment and the profit they are able to rise per month is averagely to 20k. With this amount you can do wonder within a period of 4 years. I will advise you to use 10k for your family expenses, plough back 3k to your business, keep 2k for business emergencies and save 5k in a locked saving account. Each month ensure you save 5k.

5000*12= 60000

60000*4= 240,000

Each month you plough back 3k to your business it means the end profit per month increase. By end of 4 years you will have added around 3k*12*4=144k to your business. 50% of the added money will be a pure profit to be taken to saving account at end of 4 years.

50% of 144k =72k+ 240~=312,000 pure saving.

Content created and supplied by: djflykicks (via Opera News )

Tags:      

Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform

YOU MAY LIKE

End of Road for Lacazette as Arteta is set to Unleash Another Wonderkid for Arsenal

5 minutes ago

2 🔥

End of Road for Lacazette as Arteta is set to Unleash Another Wonderkid for Arsenal

Signs Someone Has A Secret Crush On You

11 minutes ago

2 🔥

Signs Someone Has A Secret Crush On You

Four Latest Predictions To Win You 4400 With 300 Tonight

41 minutes ago

172 🔥

Four Latest Predictions To Win You 4400 With 300 Tonight

Super Wednesday Predictions

49 minutes ago

45 🔥

Super Wednesday Predictions

Wednesday Matches to Earn You Ksh 150,000

1 hours ago

98 🔥

Wednesday Matches to Earn You Ksh 150,000

Two Teams That Must Win Tonight

1 hours ago

53 🔥

Two Teams That Must Win Tonight

Place These Four Games With 300 And Win 7500 This Wednesday

1 hours ago

321 🔥

Place These Four Games With 300 And Win 7500 This Wednesday

Today's Winning Predictions to Place

1 hours ago

109 🔥

Today's Winning Predictions to Place

How To Make Sweet Samosas With Minced Beef

1 hours ago

3 🔥

How To Make Sweet Samosas With Minced Beef

EPL Top Scorers: See Where Bruno Fernandes is Currently ranked

1 hours ago

231 🔥

EPL Top Scorers: See Where Bruno Fernandes is Currently ranked

COMMENTS