Have you wondered why financial experts only tell you certain things about building wealth? Do you think its in their best interest to tell you the absolute truth?
LIE: The Magic of Compound Interest: Save $X per month and you can retire RICH.
FACT : Compound Interest works only for the very few. The very few who began investing in their 20's and NEVER, EVER, EVER STOPPED. They didn't stop when they bought a car, house. Got married, had kids. Paid lots of bills, mortgage payments, loan payments, credit card payments. For the rest of us life expenses cost money, and so your savings account that you had been contributing monthly to gets sucked dry.
You've also seen the magical compound interest investment chart:
Invest $X/mth and after 10 yrs you'll have good cat food money.
Invest $X/mth and after 20 yrs you'll have gourmet Kraft dinner.
Invest $X/mth and after 30 yrs you'll be a millionaire.
Invest $X/mth and after 40 yrs you'll be a bazillionaire.
Now follow me closely on this next point...
Who in the HECK wants to work for the next 40 yrs and has the DILIGENCE to continously invest monthly without stopping your contribution or WITHDRAWING any money at all.
Listen...The magic of compound interest benefits YOUR BANK. There I said it.
YOUR BANK loves compound interest. Guess what they charge you on your mortgage? Guess what they charge you on your credit cards?
I would smile if I was the bank president to.
#1. Today's investors don't have the patience to let compound interest work its real magic.
#2. The market's haven't been exactly going up in the last few years either...
So, what can you do to COMBAT the lie about compound interest?
You can learn the TRUTH about making money... (stayed tuned for my next article)
Copyright Lincoln House Publishing
Lincoln House Publishing
http://www.howrichpeoplethink.com
Unlock The Secrets To Unlimited Success,
Supercharge Your Inner Power, Send Your
Wealth Potential Into Overload.
Time and time again entrepreneurs are losing out on getting... Read More
Living on credit is fashionable. Indulging oneself is fashionable. Saving... Read More
What if I were to tell you that almost everything... Read More
Do you ever get this in your email box: Find... Read More
You've been thinking that your financial life could probably be... Read More
Like I said, If you are poor and on social... Read More
Money is probably the most challenging thing for many people... Read More
The inability to come up with the necessary cash when... Read More
The rewarding of high compensation packages to top executives who... Read More
My First Million took me exactly 27 months to achieve.... Read More
Everyone dreams of early retirement. The idea of no longer... Read More
Is it hard to get rich? If you're young, not... Read More
This is a true story from my own experience that... Read More
Okay. So money doesn't really grow on trees. Unless you... Read More
Financial independence is having the freedom to support yourself through... Read More
I want to share an experience I had in common... Read More
No matter what markets you serve; what products you sell;... Read More
There are many wealth creation strategies and investment techniques available... Read More
Simple tips on saving can very often make quite a... Read More
Vacation season is upon us and it can be tempting... Read More
Let's begin this lesson with a definition of the term... Read More
You may think you have to be an entrepreneur to... Read More
They are the object of thinly disguised envy. They are... Read More
You know about compounding right? You understand what pyramiding your... Read More
Top Investment PerformanceThroughout history, many coin collections have produced substantial... Read More
There are many forms of investing online. While I can... Read More
The cashflow board games, Cashflow 101, Cashflow 202, and Cashflow... Read More
In my last article on Creating Residual Income I mentioned... Read More
Many people don't realize how much money they spend on... Read More
"It's the business of your life?and you're the CEO!" Gala... Read More
A residual income is one that comes in no matter... Read More
Points to ponder as you consider what can be done... Read More
Although there are advantages to selling other people`s products and... Read More
E-currency is very popular on the Internet today. People use... Read More
In light of the dominant mindset overshadowing the market these... Read More
I have a good friend who works in an area... Read More
Vacation season is upon us and it can be tempting... Read More
At any time in history, no matter what the current... Read More
SCENE 1: Pharaoh has just woken up from a very... Read More
What if I told you that reading a book would... Read More
Why is it that the older and richer people become,... Read More
Have you wondered why financial experts only tell you certain... Read More
You may think you have to be an entrepreneur to... Read More
Hello,If you dont understand this yet, or have not heard... Read More
Bottom line. No exaggeration. No hype. If you want to... Read More
You can't build a house from the roof down, and... Read More
Now is a great time to make it a habit... Read More
Imagine being able to steal untold millions of dollars in... Read More
Everyone dreams of early retirement. The idea of no longer... Read More
We all go to school for about twelve years, kindergarten... Read More
It all begins with a simple calculation.You are home on... Read More
Any successful person, or any anyone interested in self improvement... Read More
Are you setting the right money goals?Most people believe having... Read More
Articles on 'How to make money' come a dime-a-dozen. How... Read More
When you purchased your home, you most likely got a... Read More
Financial independence is having the freedom to support yourself through... Read More
Money is probably the most challenging thing for many people... Read More
We will start the Financial Fitness System with the assumption... Read More
Many people don't realize how much money they spend on... Read More
To lose weight in the 80's, we went on low-calorie... Read More
Okay. So money doesn't really grow on trees. Unless you... Read More
Loose change that is, if you want a easy way... Read More
"The quickest way to wealthThat I've found to be true;Is... Read More
At any time in history, no matter what the current... Read More
Remember the bloodied face of Randall "Tex" Cobb?He was a... Read More
How Much Money Will I Need to Earn to Retire?This... Read More
Wealth Building |