How To Easily Make Millions |
||||
| By: Dr. Timothy Lawler | ||||
Hey All! How's it going today? Well, I hope. You know, I am always thinking about money, investments, and how I can teach others about those two things. Then I realized.....Tim, you need to go back to the basics. So that is what I'm going to do. I have recently started to revisit some of my very first readings on financial ideas and investments. You may have heard of this particular idea in the past, or maybe you have not. Either way, I am going to introduce it to you in this article, and it is absolutely a no-brainer. Have you ever thought about what a single dollar could do for you? Off the top of your head, you might think that it could buy you a pack of gum or be a gift to a homeless man on the street corner. Point is, you probably don't think about it much at all. But what if I told you that with only $1 per day, you could be a millionaire. Yeah, I'm not kidding. You really can. It's that little thing called compound interest. If you invested $1/day with a 10% return on your money per year on average, you will be a millionaire in 54 years. I would hope that no matter what your financial situation....you could afford at least one dollar per day. But over 54 years? In my mind, this is the tough thing to do. So there are two other options. Increase how much you would invest per day (say $2-3/day) or increase your return on investment per year (11-20%/year on average). Both are very doable with a little hard work and education. For instance, that same $1/day investing ($30 per month) with a 15% return per year would give you $1,000,000 in 45 years. Not too bad in my opinion. So if you are one of those people that thinks, I can't afford to invest in my retirement. Well, I hope that you can see that you can. All it takes is just $1/day. Alright guys, until next time..... Dr. Timothy Lawler |
||||
| Article Source: http://yourfinance.co.za | ||||
|
||||
|
||||
| © 2012 yourfinance.co.za |
