Posts Tagged “Wealth Accumulation”

Initially, you may have to cut back to find the money to save. Start there if you must. The next step is to learn how to invest your money powerfully. Recently, I took my stepdaughter to the bank to open her first savings account. We agreed that every week; for so long as she was living under our roof, she would take 50% of her pay check and deposit it into a savings account. Then I explained the power of compound interest to her and how her principle would grow each and every month. Tax Secrets of the Rich Found Here Have you seen interest rates, lately? It s sad. The bank was offering 1% interest on her savings. Of course, at that rate, no one is going to get wealthy. What kind of rates of return do you get on your investments? Mutual funds pay about 5%. A little better, but not very impressive. The stock market yields about 12% over time. That s a little better. Asset Protections But there are much faster ways to grow your wealth than that. My Wealth Accumulation program will …

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The thing about compounding or the application of interest upon interest is a remarkable mathematical concept. Anyone who has sat playing on a calculator for a short time can become staggered by what different compounders can do over given compounding events. For example, starting with $100 or 100 on your calculator, if you applied 100% to that hundred dollars and multiplied it by 14 events you would have over $1.4 million dollars. Those 14 events could theoretically be anything, they could be years, or they could be months. Manufacturing returns of 100% may sound like quite a challenge but really what are we talking about here anyway. We are talking about making 20% per week. Can you think of a way to take $100 dollars and turn it into $120? If you could apply 20 percent per week, you would have 100% per month. If this could be maintained, just like our calculator showed us, it would total over $1.4 million dollars in just 14 months. The rate of return or the speed of the returns for …

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