A Simple Plan To Become A Millionaire

“Would you agree that you blow, waist or spend twenty bucks each week on things that you could do without?”  Bob asked.

Imagine a different habit with me.  Imagine yourself folding up a twenty dollar bill at the end of the week and putting it into a simple wooden box. Now, imagine yourself folding up another twenty dollar bill at the end of the next week. See yourself placing it into the savings box with the first.  Each week, imagine placing another folded bill into the box. Each week you see your growing assets. Imagine the feeling of accomplishment you would have when you open the box and see a stack of eight twenty dollar bills – and you fold up another to add to the box.  As the weeks turn into months, and the months turn into seasons, each week, you set aside another $20. 

Over a time of 50 weeks you have now saved $1,000 – and you have also created two very important habits. 

You have created the habit of watching your money grow – and you have also created the habit of protecting that money from all the desires, events and opportunities that you faced from day to day throughout that entire year. Just imagine the accomplishment you now feel as you view that stack of money! As a matter of fact – the feeling of accomplishment has now become a habit for you, and you are building a deeper belief in yourself, wouldn’t you agree?

Habits are hard to break, isn’t that right? 

Now, think about this – imagine you established this habit in your youth, and repeated this simple plan through all of your working years, lets say from 20 years old until you were 60. At $1000 per year over 40 years, you would have saved $40,000. Correct? 

However – this could have been worth more than one million dollars with ONE simple ingredient… one simple strategy that requires no more time and no additional effort! This one strategy, a simple bit of knowledge – could have made this $40k into more than a million dollars!! What is this magic strategy that can have such a profound effect on your wealth and comfort? 

The magic strategy is earning interest. Earning Interest?  How can such a small thing make that magic difference, you might ask?  

Earning interest, and putting that interest to work to earn more interest – can have a dramatic effect on the success of our simple $20 per week savings plan! Let’s imagine that, instead of folding up your $20 bill and placing it in a wooden box with the others – imagine that you put that $20 to work on your behalf.

If this money was to be , instead of the $40,000 you saved –

invested and grow at a rate of 10% per year, you would have a total of $482,000

If it was invested and grown at a rate of 12% per year you would have $840,000

Invested at a rate of 14% per year, compounded monthly, you would have $1,490,000!

And all you ever need, to ensure a comfortable retirement with more than a million dollars in the bank, is to know about the life-changing power of this little $20 per week plan, along with the magic of compound interest. 

Bob Proctor points out the following simple truth: People fall into three categories when it comes to money:

1. Their monthly budget is slightly negative and they are spending a little more money every month then they are earning

2. Their monthly budget matches their income and they have no money at the end of the month.

3. Their monthly living cost is less than their revenue, they put away regular savings.

If you were to guess – what percentage of the population do you feel would fall into each of these three categories? 

Recently a top respected Canadian newspaper, Global News, quotes that “Canadians are dreaming of retirement but they are not actually saving for it” and they point out the following facts:

According to Statistics Canada, in 2012 just 23.7 per cent of Canadian tax-filers contributed to a tax-sheltered Retirement Savings Plan.

From that, we can infer that 75% of Canadian fall into Bob Proctor’s first two categories – and it may be the same in other countries as well.

What if you gave more money to a person who has a habit of spending more each month than they have?  What if you gave more money to a person who has the habit of spending all the money they have?  Do you think more money solve their money problems?

What about the example of people who have won the lottery, and within a few years they are in far worse financial shape than they were before they won the lottery?

The truth is, more money just magnifies the habits that you already have with money.

More money highlights the tragic flaws we have with money,
or the virtues we have learned and nurtured about money. 

If we trace back where your relationship with money began, it follows that the habits you have are a result of the actions you took.  Your beliefs determine your actions, and your beliefs were generated when you learned something. If we learn something, the new knowledge may not become a belief that changes your actions.  Just because we ‘know’ we should do something, doesn’t mean we will do it.  There is a space between knowledge and action.

So the big goal is not to make more money to solve your money problems, because more money will just fall under the same routine and habits that you already have with money.  More money doesn’t solve money problems. 


It is kind of a paradox until you change the way you think and feel about money.