40 Yrs of Energy Costs = $1.4 Million per Family
The average American family will spend $1.00 per hour ($720 per month) on energy costs for gasoline, electricity, natural gas and fuel oil. Think about that for a minute. If that $720 were simply put in a 1/2 percent per month interest bearing account (6.17% per year), after 40 years the amount would be $1,433,873.
In our book, Energy Independence, we show how every American family can turn that $1.00 per hour into $0.75 per hour energy cost reductions or more and save approximately $1.1 million by their 40-year retirement mark.
Sometimes I wish I could turn back the clock 15 years before we started our own energy cost reduction adventure. That 15 years would have meant nearly an additional $1/2 million by the time we retired.
But there is no sense in waiting until you are 40 rears old to start. Start now in your 20's and save up $1.1 million for retirement.