WARNING,The,Biggest,Lie,About, business, insurance WARNING: The Biggest Lie About Compound Interest
As we all know to live in this world we have to perform some activity by which we can earn money. There are many activities by which we can earn money and meet the standards to live in this society. And from one of them is franchise. Franc Small offices have unique needs, and thatincludes document shredding. Designed with the smaller business inmind, the Dahle 20314 is a cross-cut shredder that offers Level 3security and brings you into compliance with federal regulations. The
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 on 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 post) Article Tags: About Compound Interest, About Compound, Compound Interest
WARNING,The,Biggest,Lie,About,