"From the start, Paul and Elaine knew saving—even little by little—was the key to success.
"We were putting away what we could," Paul said. "It started with $21,000 a year and putting aside $10."
That $10 might not sound like much, but it laid the groundwork for what would later become a nest egg for these millionaires. So how did it grow?
Paul and Elaine knew compound interest could multiply in a bad way after their past encounters with credit cards.
"But it started to look really sweet when you saw what compound interest could do for even modest savings," Paul said. As their income increased, the amount they were able to save each month began to increase as well."
https://www.daveramsey.com/blog/paul-and-elaine-story
"We were putting away what we could," Paul said. "It started with $21,000 a year and putting aside $10."
That $10 might not sound like much, but it laid the groundwork for what would later become a nest egg for these millionaires. So how did it grow?
Paul and Elaine knew compound interest could multiply in a bad way after their past encounters with credit cards.
"But it started to look really sweet when you saw what compound interest could do for even modest savings," Paul said. As their income increased, the amount they were able to save each month began to increase as well."
https://www.daveramsey.com/blog/paul-and-elaine-story