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Chapter 5

  • Pay Yourself First
  • You Will Know
  • Benefits of Paying Yourself First
  • Savings Tips
  • Compound Dividends Exercise
  • Compound Dividends
  • Saving $1 a Day
  • Saving $5 a Day
  • Savings Accounts
  • Investments
  • Retirement Investments
  • Decision Factors


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    Compound Dividends






      5 Years 10 Years
    No Dividend $1,000 $1,000
    Annual
    Compounding
    at 5%
    $1,276 $1,629
    Monthly
    Compounding
    at 5%
    $1,283 $1,647
    Daily
    Compounding
    at 5%
    $1,284 $1,649