How To Go From $380 To Over $100,000 | Life-Changing Habits

Making money has not been an easy journey for me. I’ve spent many years experimenting and finding unconventional methods to make and grow money legitimately while living in Accra, Ghana.

Yes, I live in a third-world country and no, I do not have $100,000 saved or invested yet but with what I am about to share, I know it is just a matter of time.

In this post, I will share with you a few things I have picked up to shape my personal finance objectives.

Life-Changing Habits You Need

1. Increase your income
   You need to be able to earn more to consequently invest more. If your needs outweigh your income, you will have nothing left to invest. Experiment with drop-shipping, blogging, content creation, affiliate marketing or anything you can do to increase your income.
2. Become Financially Literate
   A lot of people make enough to invest but still go ahead and spend all their income before their next paycheck. Understanding personal finance and knowing what you can ultimately do with the knowledge it brings will take you to the next level. Read “The Richest Man in Babylon”
3. Create an Investment Plan
   Now develop a plan and consistently follow through. Take a portion of your income every time and invest it.
4. Compound Your Investment
   Reinvest your capital plus interest earned on your investment over time till you reach your goal.

Practically Speaking;

If you invest $380 every month in any investment that will return at least 17% per annum, you should be able to grow from $380 to over $100,000 ($119,471).

Use the calculator below to experiment with different compound interest investments.

Compound Interest Calculator