It Only Takes Two-Peso Daily To Become A Millionaire

To become a millionaire one must follow a consistent plan backed by constant action. Ordinary people realized that it’s very hard to acquire even a million peso during their lifetime. In this post, I’m going to show how simply a two-peso saved daily (or 2 dollar if your not from the Philippines) could be turned into a million.

Take a look at the figure below.

Annual Savings : P730.00
Starting Age of saving : 14 years old
Yearly Interest : 10%

15 years later (29 yrs old) :P 26,243.30
30 years later (44 yrs old) :P 132,818.71
51 years later (65 yrs old) :P 1,029,613.45

Two peso daily savings will reach 730 a year. You need to open up a time deposit account in a bank. The best place to do it is at your local bank because they accept minimal amount requirement upon opening an account with them.

It’s just like saving like a kid by putting the said amount in a piggy bank daily and after a year it should be transferred to a time deposit account so that it will earn 10% yearly and compounded annually. Time is the most precious asset when doing this kind of savings. Its better when you start young. Maybe you plan to make it a five-peso daily savings so that you will be rewarded more with the savings later on when you retire.