PLAN TO ENJOY A WEALTHY OLD AGE. BE WISE, START NOW!!! Becoming Wealthy is really a matter of simple discipline. I hope the statement I am about to make will help those younger than me, so that their old years may be much more joyful than those of our fathers who went before us: Assuming you could work very hard up to your 28th birthday, to accumulate just 20,000(any currency); Assuming you would put all that money in an investment (say a Treasury bill or government bond) to yield an interest of only 17% every year; Assuming you will instruct your bank to reinvest all the interest back into the investments each time they accrue ; and finally, assuming you just forgot about that investment and continue life as normal as you could. Do you know that by the time you retire at the age of 60 years, you would have nothing less than 3,000,000 (any currency) just sitting there waiting for you? Take off inflation etc and I assure you, you will still retire a millionaire and be able to live a very relaxed, deserving and peaceful old age. You too can take a year off and travel the world, enjoy your children and grandchildren and die with blessings on your lips.... Its called COMPOUND INTEREST - take control of your life: Nothing happens by chance...
Posted on: Wed, 02 Oct 2013 00:06:29 +0000
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