How Saving Every Month Builds Wealth 😮 — Transcript
Full transcript
- 0:00You and your brother are each handed
- 0:02$50. Your brother goes straight to Taco
- 0:05Bell and even treats his friends, while
- 0:07you put $40 in the bank, keeping $10 for
- 0:12yourself. And after a month, the bank
- 0:14gives you an extra third of a percent,
- 0:17meaning you make 13 cents just for
- 0:20saving your money. The next month, you
- 0:23each get another $50. Your brother
- 0:26immediately buys a giant gummy worm,
- 0:29while you save another 40. And the bank
- 0:32gives you a third of a percent again.
- 0:34But now it's based on $80 and 13 cents.
- 0:38So this time, you get about 26 cents.
- 0:42Each month, your brother blows all his
- 0:44money, while you save most of yours. And
- 0:47every time you do, you earn a little
- 0:50more interest, which keeps growing as
- 0:53your savings grow. [music] After 10
- 0:55years, your brother has nothing but a
- 0:57weight problem and cavities, while you
- 1:00have about $6,000 in [music] the bank.
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This page contains the full transcript of How Saving Every Month Builds Wealth 😮 by Zack D. Films, generated from the public captions YouTube serves with the video. The transcript has 159 words across 22 segments, with the original timestamps preserved so you can click any line to jump to that moment in the embedded player.
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