How to save a million rubles. How to save a million Characteristic features of capital accumulation

General financial instability in the country and the threat of new sanctions are all putting pressure on the ruble. And formally, low inflation helps reduce rates on bank deposits and does not in any way stimulate savings. So what should those who need to save at least one million rubles for a mortgage or car do now? The author of Medialeaks turned to analysts at the investment company Finam, a personal financial advisor and even a robo-advisor with a request to help him finally get rich. We'll tell you what came of it.

GET A MILLION

I don’t consider myself a financially illiterate person: I don’t have three loans, I’ve never bought a single dress in my life that costs three times my salary. I always prefer to spend exactly as much as I earn. At the same time, I rarely think about savings, because all the money is spent on a rented apartment, things, shoes, books or studies.

However, in the last few months, for a number of reasons, my income began to exceed my expenses. So, unexpectedly for myself, I managed to save a small amount of money: a little more than 100 thousand rubles. It turned out there was nothing to spend on: the release of the new iPhone was still far away, and it seemed impractical to store money in a nightstand or on a shelf between books (inflation, you know, spares no one). For the first time in my life, I wanted money to start working for me. A goal has appeared:turn 100 thousand into 1 million rubles. I don’t know what to do next with this million yet (perhaps in the future I’ll get my license and buy a car, or maybe I’ll decide on a mortgage and buy a one-room apartment in the near Moscow region).

BETS ARE DONE, NO MORE BETS...

My first step to making a million was through a financial advisor. Natalya Smirnova, founder of the Emquarta company. Personal Advisor" kindly agreed to give some investment advice. Now I will share them with you.

Natalya immediately suggested forgetting about bank deposits. Over the past few years, interest rates have been melting so rapidly that they are currently below the real inflation rate. If in 2014-2016 it was still possible to find a deposit at 11% per annum, now few banks will offer even 7%. And the banks themselves, as you know, exist today and lose their license tomorrow.

Another method - investing in real estate - also did not suit me. Firstly, my initial capital is only 100 thousand rubles, and I don’t want to take out loans yet, even for the sake of future millions. Secondly, the “Buy real estate and rent out” strategy stopped bringing significant income a couple of years ago. According to Natalya Smirnova, it will be possible to earn no more than 5% per annum by renting out housing.

Imagine my surprise when it turned out that in a situation of lower rates, the risk of new sanctions and general financial instability, the best way to get income is- enter the stock market.

There are both bonds of reliable Russian and foreign companies, which can yield up to 8% per annum, and riskier instruments, for example, shares of the same companies (they can already yield up to 20% per annum). It is possible to buy foreign currency without bank markups and receivetax deduction 13% from the state. By combining several instruments at once in a single strategy, it is possible to earn up to 30% per annum. And this is five times more than on deposits and renting out real estate. Not a bad start!

But before becoming an investor, it is worth conducting an audit of your financial condition and psychological readiness for risks. To do this you need:

1. ABOUTdecide on the purpose and period of accumulation

What are you saving for? For an apartment, a brand new car, to study abroad? How long are you willing to wait without withdrawing money from your investment portfolio? These questions need to be answered first.

1. Calculate acceptable risks

Analyzing the risks you are willing to take is also extremely important. So, if the goal- To save up for training, which costs 110 thousand rubles, and this must be done in one year, then a person cannot invest all the money he has in cryptocurrency. Because the probability of ending the year with an amount of 50 thousand rubles (or even less) is too high.

If a person has 100 thousand rubles and is not ready to lose a penny (but only wants to increase it), it is worth thinking about a conservative savings strategy - with minimal risks and a maximum period. In this case, we can talk about bonds of reliable issuers and other products with full protection, the yield on which can be 8-17% per annum.

1. Set aside your stash

If 100 thousand rubles- This is all your money, and per month you spend, say, 20 thousand rubles, you cannot invest all your available funds. Because any unexpected expenses lead to unexpected withdrawals.

Natalya Smirnova suggests imagining the situation:

You invested the last 100 thousand rubles without a formed nest egg. Where will you get money when you unexpectedly need it? There are two options: either withdraw from the investment portfolio and record losses, or take out a loan from a bank and bear an additional debt burden.

The size of the nest egg must be at least three monthly subsistence minimums. If you live on 20 thousand rubles a month, then you need to save 60 thousand rubles. And the stash- This is not a bedside table, but a bank deposit with the possibility of partial withdrawal. Remember, the nightstand does not generate interest, and inflation tends to eat up all our money over time.

1. Diversify

It is not recommended to invest all your funds in one investment instrument, foreign currency, shares of one company, or any P2P platform or business. Investments should be divided into several boxes: with different levels of profitability and risks. Only in this case the average result of accumulation on them will bring maximum profit.

1. Decide who will manage the portfolio

If a man - If you are a beginner and are not familiar with the concepts of “fundamental and technical analysis of the stock market,” it is better to use ready-made solutions: the autofollow strategy and robo-advising, which will be discussed further.

ROBO... WHAT?

I was wondering how, without special financial investment skills, you can make money on stocks, bonds, currency and business investments?

It turned out that there are online services on the market that help to invest free money wisely and profitably and get maximum profitability even for those who do not have basic knowledge or trading experience, who do not want to waste time on independent work in the stock market or give their funds to trustees and brokers. For those, for others and for others, as well as for dummies like me, the Finam company has developed a special robot consultant Robo-Advisor , which helps to create a real investment portfolio depending on savings goals, timing and even social status.

The robot is so smart that it will offer one strategy to a risk-prone student who wants to save up for his first car, and to a cautious retiree- completely different. In the process, he will help adjust the strategy and, depending on how favorable the market situation is,- will offer to transfer tools from one container to another. And thereby increase capital even more.

Artyom Moiseev, head of the brokerage services development department at Finama, says:

Roboadvising came to us from a country with the largest and oldest stock market in the world- USA. The essence of robo-advising in the USA is to manage the client’s welfare. It received active development in the 2000s. In Russia it began to develop after 2014. For us, this is an automated financial advisor that offers optimal investment solutions. Robo-advising allows you to create a portfolio that is balanced in terms of risk and return, suitable for the client’s individual investment goals (based on the savings goal, the investor’s age, social profile and the size of the initial investment).

EXPERIMENT FOR A MILLION

I immediately wanted to try how these roboadvisors work in practice. When I went to the service page,I was asked to answer 11 questions. Including choosing a savings goal: for a car, for retirement, for starting your own business. I chose: “Accumulate 1 million rubles.” After that, I answered a few more questions about the size of the investment, the timing of the placement, and the risks I was willing to take. As a result, the service created a ready-made portfolio for me and gave me personal recommendations on how to achieve the stated goal (turn 100 thousand rubles into 1 million rubles).

Here's what I got.

It is interesting that in both the first and second cases the expected return was 18-30% per annum, which is 3-5 times higher than the level of bank deposits.

This, of course, is not yet 1 million rubles (but only 120-130 thousand rubles a year), but it is practically risk-free.

“At the beginning of 2018, when we just started launching the Robo-Adviser service, we offered clients to purchase Sberbank shares, which cost around 240 rubles. After just two months, their price rose to 270-280 rubles. If desired, some clients could sell shares and fix the profitability of this asset,” says Moiseev.

It turns out that shares and bonds of top companies in the medium term at least guarantee the safety of assets, and at maximum- give a potential return of 15% per annum (conservative scenario) or 30% per annum (moderately aggressive scenario).

WHAT DOES THE ROBOT OFFER?

Robo-Adviser offers an investment portfolio of different instruments. Some of them have slightly higher potential returns, but also have increased risks. For some instruments (with lower profitability) the risks are minimal. The robot forms the ideal proportions of the future portfolio, taking into account risk tolerance, investment volume and investment period. There are not so many options for earning money. Here they are:

1. Bonds

If a person does not want to take much risk with the invested capital, the robot will offer to create a portfolio consisting of 50% or more percent of bonds. To get maximum profit, you will need to hold bonds until the company pays off the debt (all schedules are prescribed in advance). Usually we are talking about a three-year period. The risks of losing invested funds are practically reduced to zero: it is difficult to imagine that Sberbank will go bankrupt. Average interest on such bonds- 8-12 %.

If you want to return a 13% tax deduction from the amount of deposited funds, then you can open IIS - individual investment account. It turns out that if I deposit 100 thousand rubles into the account this year, then next year the state will pay me 13 thousand rubles in the form of a tax refund.

1. Stock

Average return per stock- already 10-15%. If we are talking about cool and stable companies, then it can even reach 40%. Thus, Sberbank shares grew by almost 40% last year, Apple - by 48%, and Amazon- by 55%. The shares also pay dividends.

However, with stocks it is not as simple as with bonds. After all, their value can constantly change (company shares often fall on negative news). Sometimes it takes years to wait for resumption of growth. So if you decide to form a portfolio of riskier (and profitable assets)- blue chip stocks- be prepared to be patient and hold on to them until they turn a profit.

Advice from Natalia Smirnova:

For those who want to take shares on a rebound - that is, invest quickly and wait “for them to grow back” - we can recommend buying Aeroflot or Polyus Gold securities. I would partially recommend RUSAL (although the latter has grown quite a lot and there is no more than 10% room for growth left). If we are talking about buying shares in order to have regular dividends, traditionally these are shares of Severstal, Surgutneftegaz and MTS. These companies are distinguished by liquid shares and stable dividends.

By the way, if you hold the shares for at least three years, then after their sale you will not have to pay income tax of 13%. You can also buy shares in the Finama online store , spending no more than three minutes on it. And behind their growth can be followed in the Finam Trade application .

1. Copying other people's trade deals

If 30% per annum is not enough for a person, then you can use even riskier investment options. Such as auto-following (or simply copying someone else's trading strategy).

Finam has developed automatic transaction repetition service Comon.ru . It is similar to a specialized social network where traders register to trade on financial markets and make their accounts public. Anyone can register in this community and see who is trading how, with what results, drawdowns and profitability. You can attach to one of the traders you like and follow his investment strategy. This means that the professional’s trades will be automatically repeated on your account.

This is an ideal option for beginners, because consultations with experienced traders are usually very expensive. And autofollowing allows you to copy the strategies of professionals and earn money with them. The potential profitability of autofollowing can reach 50-60% per annum or more.

1. P2P lending

Another highly profitable investment tool- lend money at interest. This is beneficial to the borrower, since he takes money at a lower interest rate than from a bank. This is also beneficial for the lender, since he lends at an interest rate higher than the bank deposit.

Potential profitability can reach 20-25% per annum. However, not all services that provide such services are safe.Finama's P2P lending service guarantees profitabilityat 14.5-16% per annum. There are platforms that provide higher returns- up to 20-25% per annum, but the risks are higher there.

1. Cryptocurrencies

An option for the most risky investors. Last year, the most famous cryptocurrency today- bitcoin - At first it grew 20 times, and in December it collapsed sharply and lost half of its value. And it’s still hovering around 8-9 thousand. No one knows how much Bitcoin will cost tomorrow, no one guarantees profitability, and this market is in no way controlled by law.

Currently, the only way to legally handle cryptocurrencies in Russia is- Bitcoin futures trading. "Finam"provides an opportunity to make money on futures only to qualified investors who know what futures are.

WHAT ABOUT THE DREAM OF BEING RICH?

According to financial consultants, it is possible to earn 1 million rubles in a year, but not within the framework of the stock market and moderately risky investment strategies.

“If you want to get high returns in a short period of time, you must understand that you will have to invest in high-risk assets, such as cryptocurrency, derivatives, options and futures, and OTC USA shares. If a client wants to increase his capital from 100 thousand rubles to 1 million, he must be prepared for the fact that he could lose this money forever,” says Artem Moiseev.

As the experiment showed, it is unlikely that it will be possible to turn 100 thousand rubles into 1 million in a year with my unwillingness to take risks! But with the help of Robo-Adviser, with my chosen strategy of return of 29% per annum, I can do this in 7-8 years. At the same time, I will improve my financial literacy, periodically top up my Finam account and redistribute money between different tools that a smart robo-advisor will recommend to me. This way you can save up faster.

Andrey Lipov

If you need something, you can save up for it. So, if you do not take out a loan, then you are faced with the question - when will you actually buy this thing? How long will it take to save up for a car? How long will you have to live with your parents before you can save money for a down payment on your apartment?

If you don’t care about immediate things and you strive for financial freedom, then your path to wealth also lies through savings. If you have an empty wallet and no money at all, you will have to accumulate initial capital. Only then will you be able to receive tangible income by investing parts of it in various investment ventures. But again - what is the period of savings? How soon can you accumulate a million rubles in assets?

How long will it take to save?

I made a small calculator that can calculate how much to save for a particular goal. You can play with it. How old are you now? How long will it be in 20? Try to check what will happen if you start saving 10,000 rubles every month at 12% per annum. Look how much will come from interest only.

Saving through deposits - the effect of compound interest

Now you have opened a profitable bank deposit. Let's say you work and manage to replenish your deposit consistently by a certain amount every month. As you know, most bank deposits involve placing money with capitalization. This means that every year (or every month, depending on the deposit) interest will be charged to your account and added to the deposit amount. Gradually interest will be added on the interest. If you keep money on deposit for a very long time, then after five to seven years the “interest on interest” will reach such a value that it will begin to cover your monthly payment. And even further, things will begin to develop absolutely fabulously - the increase in interest will be simply stunning. This is a manifestation of the same “compound interest effect”.

Well, of course there are no fairy tales. To get this effect, you need at least luck. You must constantly replenish your deposit, the interest must be consistently high, and the situation in the country must be stable. In addition, your money is constantly being eaten up by inflation. Therefore, if your goal is wealth, then most likely you will not be able to get by with a bank deposit alone, because its interest rates are rarely much higher than the rate of inflation. But you can easily figure out how to save a million for your child. If the savings period is long, then after some time the effect of compound interest will not fail to manifest itself.

Read other articles on our website in the “How to save money” section. There are many interesting articles that will motivate you to achieve financial freedom and help you feel more confident in your future.

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The question of financial savings usually arises when the need arises to purchase a large item. If you do not resort to a loan or credit, you will not get what you want very soon. How long will it take to save up, for example, for a car? What about TV? How long will you have to live with your wife's parents before you can raise money for a down payment on a mortgage?

However, many simply dream of financial freedom, but the path to wealth also lies through savings. Even the initial capital will bring tangible profits if you invest its shares in various industries. But here the question arises: what is the accumulation period? How quickly can you save a million rubles?

How long will it take to save?

To calculate how long it will take to collect money for the desired purchase, use a calculator: calculate the total amount collected, the amount of the monthly deposit that you are able to invest, and the interest rate.

Thanks to this calculation, you can see how much money will be credited to your account from interest alone.

It’s possible to find automatic calculators on the Internet that independently calculate all percentages and rates—you just need to enter your personal numbers. But, in general, it’s possible to do the calculations yourself using a calculator and a pen with a piece of paper.

Fundraising through deposits - the effect of compound interest

Let's imagine that a profitable deposit was opened in a bank. If you have a stable job and salary, you will be able to top up your balance with a specific amount every month.

You probably know that the lion's share of bank deposits comes down to placing funds with capitalization. Every year, and maybe even a month, interest will be credited to the account and added to the previously invested amount. However, the interest will increase over time.

Please note that when the money is on deposit for a long time - about 5-7 years - the interest will reach such a value that it will cover the monthly payment. This is the effect of compound interest.

Of course, there are no fairy tales. To experience this effect for yourself, you will need luck. You also need to replenish the deposit steadily, the percentage should always remain high. In addition, your funds will be eaten up by inflation.

When the goal is wealth, you most likely will not be able to get by with just one bank deposit, since its interest rate rarely exceeds the inflation rate.

Most are sure that it is impossible to save a million by saving small amounts every month. How can you become rich if you can’t allocate large sums?

If you start with 5 thousand rubles a month, you can collect 1 million rubles much faster than it seems at first glance. If you do the math, it turns out that with an amount of 5 thousand rubles a month it will take 17 years to achieve our goal. But it’s possible to do it twice as fast.

The power of compound interest

This article will consider the question of how to save a million and become rich if you have a chance to save no more than 5 thousand rubles every month. Why are we talking about this particular amount? It's simple: it's 10% of the average salary in Moscow.

Compound interest table

We present a table showing how to actually collect 1,000,000 in 110 months (that’s about 9 years). Thanks to monthly write-offs, not 1 million rubles are invested into a bank deposit, but only 700 thousand rubles, and the required amount will already be in the account.

In the example given, to get a million you need to set aside only 700 thousand rubles.

When compiling the calculations, the following figures were taken: salaries grow every year by 5%, every month the amount of deductions increases by 5% per year, the money is placed at 8% per annum for the entire term of the deposit.

Please note that 8% was chosen for a reason - savings can be placed at this percentage in most banking institutions. In addition, this percentage is considered the most realistic for residents of the Russian Federation.

You can find a higher annual percentage. A number of banks use deposits with a rate of 14%. If you invest in stocks, you can get 20%.

Characteristic features of capital accumulation

To save money, you should adhere to the following principles:

• start saving money as early as possible;
• make it a habit to allocate 10% of your budget every month;
• do not reduce the percentage of savings;
• choose a bank with interest accrued every month;
• do not withdraw accrued interest.

If you follow the rules described above, you can easily collect the amount you set.

Over what period and how can you realistically collect 1 million rubles?

Proper budget planning is not the easiest process. Saving money wisely is especially difficult. The whole problem is that you need to give up certain pleasures, which not everyone can do.

In addition, you should not forget that life sometimes makes its own adjustments, so you should not discard price increases, dismissal from work, force majeure situations, etc. Despite this, it is quite possible to reduce costs.

About 50% of earnings every month are spent on buying food. In addition to home-cooked food, you should not forget about lunches at work. If you take food from home with you, you can save up to 3 thousand rubles over the course of a month.

Let's not forget about behavior in the store. Quite often you can fall for the tricks of marketers who offer a discount - your hand just reaches out to the product. Before you put it in your cart, ask yourself: Do you need this product?

• do not buy food in reserve;
• in the store, adhere exclusively to the compiled list of products;
• initially take bulk products;
• go shopping well-fed;
• do not take children with you to the store, as they are attracted to bright packaging;
• Pay for goods in cash, not by credit card.

Transportation costs can be reduced. If you have a car, you can invite a travel companion and share the cost of fuel with him - this will reduce your expenses by half. If you live near a metro station, you can take a walk in the morning or evening.

If you save up to 10% of your earnings in the form of an emergency reserve, after a year you will have accumulated quite a good amount.

Start doing home bookkeeping. This is quite difficult, since you need to force yourself to describe every day what amount was spent and where, but this will allow you to keep track of the money you earned and spent.

You will be shocked to find out where about 50% of your salary goes. Moreover, this is what will allow you to save up to 30% of your income. Over time, this percentage will increase significantly, as an understanding will come of how to properly manage your funds.

How much can you realistically save in a year? Million?

Even a beggar can save money - this is a proven fact. In almost every second textbook on financial topics you can find reflections that it is enough for any person to save 10% of their income.

Of course, for a top manager who earns millions, a gift worth a couple of hundred thousand is a common waste. For a person whose salary is 100 thousand, a couple of tens of thousands to buy a handbag or home decor is also not a big expense. For a pensioner whose income is 10 thousand, the optimal solution would be to save, for example, 1 thousand rubles.

Initially, it may seem that 10% of income is not the most successful way to save money. But the experience of high-income countries shows the opposite situation. The savings rate for families in the USA, Germany, and Japan has fluctuated right around the 10% mark for the last half century.

Even such accumulation is enough for them to maintain primacy in the world economy.

It turns out that in order to assess your strength in raising funds, you just need to multiply 10% of your earnings by the number of months.

As a result, in 12 months you can receive at least 1.2 monthly salary or pension. It should be noted that it is realistic to invest funds for a long term at 8-12%, so in 5 years you can collect 8 monthly salaries. Overall, a pretty good amount.

You could even say that 10% of your income is the easiest savings method, so if you can increase the percentage, do it.

If we talk about the maximum amount of fundraising, the figure can be increased to 40% of earnings.

The amount of funds accumulated through the bank

Collecting money and not investing it in anything is a stupid idea, since at least every 5 years inflation increases prices a couple of times. A bank deposit will protect your funds from depreciation.

As a result, 12% is considered the main benchmark in the coming years. In a couple of months, such an investment will not bring much profit, but if you invest constantly for a couple of years, the picture will be quite pleasant.

The average salary in the country is 30 thousand rubles, in Moscow - up to 60 thousand. It turns out that a family of two can save up to 10 thousand every month. After five years, it is realistic to buy a normal car.

If you keep track of expenses, the level of the amount set aside rises to 20 thousand in the regions of Russia, to 40 thousand in the capital. With such amounts, you can collect up to 20 million rubles or more in 15 years. Moreover, this amount is enough to purchase two apartments in Moscow.

Fundraising for real estate

Probably, for most, the most important goal will be the amount to purchase their own home, be it a house or an apartment. Remember, having a goal is important, this will allow you to move towards it faster.

35 sq. m is the minimum size of separate housing in a standard size in Russia. Of course, the situation may differ in different cities and regions, it all depends on the local salary and the demand for housing from residents. On average, according to Rosstat, a Russian can afford 0.64 square meters of housing with his salary.

In the capital, this figure is less – 0.39 meters. It turns out that in order to purchase a one-room apartment, you need to use up to 55 average regional salaries and 90 Moscow ones.

Based on the simple method of collecting funds at 10% per month, you can save 8 earnings for 5 years. If you work with 30% per month, you get 25 earnings. After 12 years, the apartment in the center of Moscow will be yours. And if we take into account real estate in other areas, you can get the keys in 6.5 years.

You can use the same form to calculate savings for a two- and three-room apartment. The cost of real estate is always related to demand, and therefore to the income of the population. It turns out that if wages rise, apartment prices rise along with them.

As a result, it turns out that a 2-room apartment with an area of ​​50 sq. m will cost 80 salaries, and a 3-room apartment with an area of ​​65 sq. meters - at least 100 monthly earnings.

The speed of fundraising depends on how much money each individual is willing to put aside. If you take from 10 to 30% from the family income of two working family members, you can save for real estate in 5.5-15 years.

For the capital, these deadlines increase, but are also considered realistic. If you save up to 10% of a Muscovite’s salary, you can save up for a one-room apartment in 14 years. And if you save 30% of your salary, then a 3-room apartment will be in your pocket after 12.5 years.

Duration of raising $1 million

Quite often, one of the main goals of a person is to accumulate a million in a certain currency, it can be either dollars or euros. It is now clear that average earnings in the Russian Federation allow you to quickly become a ruble millionaire. The goal is more difficult, but also feasible for a person receiving a salary below average.

As calculations show, it is possible for one person to collect 1 million rubles in 9 years while saving 5 thousand rubles. But appetite comes with eating, so when one goal is achieved, you can begin a more global task.

Let's not pretend: the biggest financial achievements have always been considered fortunes worth millions of dollars. And, oddly enough, even such a task is solvable for a family with average income.

Before we begin to consider this issue, one recommendation: you can save funds in foreign currency, for example, in dollars, or into a bank account. This method of accumulation in reality is not very different from ruble investments. The maximum rate in foreign currency in the Russian Federation is most often in the region of 2.5-5%. This is enough to save foreign currency from inflation and slightly increase your profit in rubles.

At moments when the ruble is seriously devalued, which happens once every 10 years, foreign currency deposits completely catch up with ruble deposits, and then begin to lag behind again. Is there another option? Yes - invest a dollar in the industry where it can provide a person with maximum profit. The best option is the American stock market.

For residents of Russia, this can be done by registering an account with a brokerage company or purchasing shares of mutual funds that invest their money in the United States. There are no technical differences from deposits; all operations are carried out in the bank. But in this case we are not talking about replenishing an account, but about purchasing a security.

10% per annum is the profitability of the US market. For hundreds of years, these figures have not changed significantly. If you invest through mutual funds, the profit will be several percent less - this is the share of intermediaries. But as soon as your savings increase in value to $10,000, you can go directly to the stock exchange and receive 10% of your finances.

As a result, you can close 8% per annum in foreign currency until you have 10 thousand dollars, and after that until you have 1 million dollars.

The following picture emerges: a family with 1.5 thousand dollars (100 thousand rubles) is able to collect 1 million dollars in 27 years. If we consider a young couple with an average salary, achieving such a goal will take longer, approximately 30 years.

Moreover, even with the help of one person it is possible to achieve such a result.

Let's imagine that you are a university graduate who is 22 years old. You can collect your $1 million before you retire. It takes 38 years and $200 a month.

Is this really true? Why is this real? Due to interest capitalization. Purchase of securities using dividends from previously purchased securities + additional investments. Moreover, most of this amount will fall on market growth.

If a person starts saving $200 at age 23, then over the entire period of investment the shares will exceed the $90 thousand mark, which means you can get 11 times more. A family of two people will not be able to achieve such a result, since they will need to invest at least twice as much into the account as a young specialist.

One of the main tips for saving money: start saving money as early as possible. A powerful thing is compound interest, which will allow you to multiply your capital several times.

Imagine that if you save $100 from the birth of your child, he will have $60,000 to start with before he reaches adulthood.

To be honest, getting into the ranks of foreign currency millionaires with only one salary is difficult, and not everyone can do it. Therefore, you will need to be patient and disciplined.

Is it possible to speed up the process?

Yes, but this will require large financial investments at the start or more competent management. You can also try to find an additional source of income. Perhaps you should watch modern trends, new methods of earning money. But it is impossible to talk about a short time period if we are talking about an average family.

Compound interest and 1 million rubles

The question “How to save a million in a year or how long does it take to actually collect such an amount?” is quite similar to an equation with three variables: stable collection, time to achieve the goal, percentage of return on savings.

The success of the process depends on how much money is allocated for savings and with what frequency this is done.

The deadline for achieving the goal is set by the person independently. Profitability as a percentage - the higher the percentage you have found for an investment, the less savings you will need to solve the problem.

Compound interest

This method allows you to collect 1 million, taking into account the three variables described earlier. Compound interest is especially useful if there is a desire to make large long-term savings without large investments. This is exactly what happened to Fry from the cartoon “Futurama”. There were 93 cents in the bank account. After Fry ended up in the cryochamber and woke up a couple of thousand years later, he already had 4 billion dollars, just due to compound interest, even without stable investments.

Fry and compound interest

Since we do not have a time machine, we can calculate an example close to life. So, if a typical working person saves $120 every month for 30 years at 15% interest, he will have $1,000,000 to spend annually when he retires.

To make such calculations, use the table below:

For a million rubles, the formula is easier, since pension payments should not be taken into account every month: follow the link.

You can view a table in GoogleDocs that provides formulas for calculating compounding savings. It can be used to create a plan to achieve a personal goal.

Method of collecting 1 million rubles in 3 years

1. The first year is to save 25 thousand rubles every month and invest it in a bank account at an annual rate of 12%. At the end of the year, the amount of 300 thousand rubles is in your hands.
2. Second year - save 25 thousand rubles every month and invest them in a bank account. By the end of the second year, the capital will be 300,000 + 300,000 * 12% = 336,000 rubles. (accumulated for the first year including interest). Total 636 thousand rubles.
3. Third year - 63.6 thousand rubles in the bank account + 63.6 thousand rubles * 12% = 712,320 rubles. But plus another 25 thousand rubles for 1 year = 300 thousand rubles. The total final amount is 1 million rubles.

There are plenty of tips online on how you can save money and at the same time save the money you save:

• Take home free packets of sugar and salt from cafes and restaurants. Additionally, you can pick up paper napkins or unwind toilet paper.
• Dry shoes in winter with cat litter. Allows you to save on an electric dryer or new shoes.
• The “soap” needs to be softened a little and attached to a new piece.
• Instead of using a toilet air freshener, you can actually use a few matches to kill the smell.
• Eat only at home.
• Remember that 8 is the infinity symbol. Therefore, there should be a lot of bills with this number in the house. Such bills are not spent and are stored separately.
• Found a coin on the floor? Lift and fold separately. For example, in England, one family was able to collect £360 in 12 years using this method.
• Charge your gadgets at work, in a cafe and while visiting.
• Take 2 minute showers on a timer.
• Clothes can be purchased at stocks and second-hand stores.

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Saving money is not an easy task, especially for desperate spenders. But sometimes you need to make a big purchase. And at this moment savings would be very useful.

website talks about 3 simple ways that will help you quickly save the required amount.

Postponement step by step

This method is designed for a year, or 52 weeks. The bottom line is that each week save a larger amount than the previous time.

For example, you start with 50 rubles. Next week you save 100 rubles, then - 150, and in the last week of the year - 2,600 rubles.

Ultimately, you will be able to save 68,900 rubles.

The method assumes that you will regularly save money without skipping a week. If this is too difficult, try reducing the amount or saving money monthly instead of weekly.

We buy and accumulate

This simple method allows you not only to save money, but also to closely monitor when and how much you spend. Its meaning is to save a certain percentage of each purchase.

For example, you decide to save 10% of each purchase. A new sweater that costs 1,500 rubles will bring 150 rubles into your piggy bank. If you spend 10,000 rubles on purchases every month, then in 12 months your savings will be 12,000 rubles.

You decide for yourself from which purchases you save money: from all purchases or only from purchases costing above a certain amount.

This method is good to practice with a bank card. Many banks allow you to automatically transfer the amount from each purchase to your savings.

Turning bad habits into savings

The essence of this method is that for each bad habit you put a fixed amount into a piggy bank.

For example, you are constantly late or miss workouts. For this, 20, 100 or even 500 rubles go into the piggy bank. You set the amount of the fine yourself. The main thing is to do this at the very beginning and not change the amount down.

This method will help you quickly give up bad habits and save money at the same time.

If bad habits cost you an average of 2,000 rubles per month, then in a year the amount of savings will be 24,000 rubles.

Supergoal: accumulate 5 million rubles in 5 years

Expanded super goal: by December 31, 2019, accumulate and concentrate in various assets more than 5,120,000 rubles.

Clarifications:

Not 5 million rubles, but 5.12 million rubles;

Not in 5 years, but in 5 years and 3.5 months;

It is to accumulate, not to earn;

Start: 40,000 rub.

Subgoal 2: save 25,000 rubles in October;

Subgoal 3: accumulate 35,000 rubles in November;

Subgoal 4: save RUB 45,000 in December;

About Me:

I am 24 years old. I'm an ordinary freelancer. I left my job 4 months ago, in May of this year with about 10,000 rubles. savings. At work I earned less than 20,000 rubles. In 4 months of freelancing, I saved another 30,000 rubles. Thus, the amount of savings at the beginning of the goal is 40,000 rubles.

About hoarding:

Many people approach hoarding incorrectly, viewing the process linearly. Need to save 5 million in 5 years? This means you need to save a million a year. Need to save a million a year? This means you need to save 84 thousand a month. Need to save 84 thousand a month? This means you need to earn 84+current expenses.

How can I save 84 thousand a month with an income of just over 20? No way. So it doesn't suit me. I had to come up with another system.

Goal Accomplishment Criteria