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Getting The Money To Get Started
As the old saying goes, "It takes money to make money" True! and the more money you have to work with the more you can make or lose, as the case may be. Over the centuries this problem has been at the forefront of why more people have not become rich. Today, we are lucky in the developed world, in that money is readily available then ever in our history. Investment opportunities where money can be put to work is also much more abundant.
Saving Yoursefl Rich?
You can save yourself rich. Given enough time you can accumulate a million dollars or more by savings. If you make an investment of $10,000 at 12% interest it will double every 6 years. At 10% it will double every 10.2 years, and at 6% it will double every 12 years. I used 12% for my example as that is the historic long term stock market return. That $10,000 will grow to $640,000 in 40 years exclusive of income taxes and investment fees. So find a 12% return in a tax free investment and you are good to go, well at least when you are forty years older.
Recent blog posts
- It is a great time to get richer.
- Six things small business people do that hurts their business.
- Why Real Estate is still a good investment.
- Self directed Roth IRA
- Contour Property ready for re-hab
- Added some after pictures
- The articles on the left
- Participating lending program.
- Evaluation work sheet
- New Years Resolutions
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