Syndicate
Conclusion on Savings
One thing that is interesting to point out is that when it comes to savings, the most interesting conclusion is that opting for the greater risk in a period of twenty years, does not involve such a risk and on the other hand, brings about spectacular results when calculated. Even though during the next twenty years a person did not obtain a spectacular profit of 1.6 percent as was mentioned in the exercise, this should be the right path that we should strive for in order to make our savings grow in an accelerated and comfortable way. How many times have we all wished we could win the lottery? With the system that has previously been described, every person has in their hands the formula to make their own lottery reward, and all it takes is perseverance in saving systematically. As a final comment it is important to not forget the unquestionable fact that the intrinsic value of one saved dollar is equal to generating a much higher income, depending on each ones salary, by the effect of taxes and social laws. In other words, 1 US dollar that is saved is equal to more than 1 US dollar that is earned. It should be pointed out that all of the argumentation proposed about the success of savings demands of a country that has a stable economy and that allows us to have long term horizons. As has been demonstrated, the hidden power of savings can be found in the combination of the interest rate and long term, both of which are very important factors to achieve exponential growth of capital but with the difference that time goes by without effort, even though the desire is needed to look for the best alternative for increase ones interest rates. When time has gone by we will have lost the potential of our natural ally and there will be little that can be done to recover that advantage. This does not necessarily mean transforming into a stingy person, not does it mean that your life has to turn into a torture in order to obtain it, but that in a slow and paced out way through systematic saving, paying off of debts, but still taking care of ones quality of life now, can one obtain the hidden power of saving.