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December 14, 2007, Newsletter Issue #137: Saving Your Way to a Million
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Tip of the Week
Open a savings account with your local bank. Talk with your bank to see which saving account will earn you the most interest, explain your business plan to the person who is helping you, and see which type of saving account she recommends.
Once you've opened your savings account, place money into it each month. Figure up all your monthly earnings – next, pay your bills and business expenses, save a little for personal use, and place the rest into your new savings account so it can begin growing. At the end of each year, check with the bank to see your earnings for the entire year. Take part of your earnings and start investing it to earn more.
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