Start young – or as young as you can.
Start young – or as young as you can.
That means start now. Let time work for you, not against you. The longer your investment fund grows, the more money you’ll have. Even if you invest very conservatively, time and the magic of compound interest will serve you well.
Don’t be someone who says:
“Oh, I wish I started ten years ago. Look where I would be today.”
“I should have invested in mcDonald’s and Chrysler stock back in 1972.”
The past is past. You can’t redesign you past. However, you can design your future. So atart designing you future today. Ten years from now will arrive whether you start saving and investing or not. The choice of what you’ll say ten years from now depends on what you do today.
Protect you investment by reducing risk.
What good is it to save your money, only to lose it later on a speculative risk? It’s better to
Click here to continue readingAnother method to retire wealthy
Name: Hernan
Age: 28
Occupation: Personal Director
Income: $35,000 a year
Will retire wealthy: Age 38
Hernan has a nice job. Suit and tie, nice office, pleasant working conditions. The only thing that irritates Hernan is that he has to go to work. He hates commuting. He hates leaving his wife and small son every day.
Here is Hernan’s plan.
On friday and saturday nights, Hernan deliver pizza in his suburban hometown. With an avaerage net of $50 an evening, Hernan has an extra $100 a week to put into his investment fund.
And because he is discipline, that’s what Hernan has done over the past two years. Already his investment fund is over $11,000. That’s more than the vice-president of his compnay has in his savings account. You see, it’s not how much you earn that counts. It’s how much you save.
Hernan also plans to add his next pay raise to his investment
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