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Shvoong Home>Science>How little savings beome big! Summary

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How little savings beome big!

Article Abstract by: varghese    

Original Author: Prof.P.A.Varghese
We hear over and over people telling us or others  that they are going to start a business venture or make a lot of
money or about their plans to do this and that. But in many cases these pans and dreams never materialize. Their plans and dreams keep getting put off to a later date.
There are so many who want to become rich. But they are waiting for a right ‘break which never come and they remain poor as ever.   
But here is the story of a humble lady who became a multi millionaire by her sixties.
She was a  domestic who was paid $15 a day. She  started saving $10 every day since she was twenty and deposited it regularly. When it reached $ 100  she invested it safely
She continued here savings for over forty years. When she was sixty it had become much more than eight million dollars!!
She gave a million dollars towards charity. Still she had a lot left and she died a very rich woman. Even a small saving becomes a huge amount if continued for a long period.
If she had thought about having eight millions dollars in the bank with her meager earnings she would have never even started.
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Published: March 23, 2008
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