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 readingEarn more money every month
Method #2:
Earn more money every month
If your expenses stay the same, you can have lots of extra money to invest if you simply increase your monthly income. There are several ways of increasing your monthly income. Lets look at a few.
You could work overtime on your job.
Those extra hours can add up in a hurry. Lets say that you just work five extra hours a week. That’s 20 extra hours a month. If your net pay is $10 an hour, you’ll have an extra $200 to invest every month. It won’t take long to build a sizable investment fund at this rate.
For example, if you put aside $200 a month at 10% interest for 30 years, you’d have a total of $394,785.65 in your investment fund. That’s a lot of money.
Here is what just one forward-thinking woman is doing.
Name: Nancy
Age: 35
Occupation: Accounting Clerk
Income : $19,000 a year
Money to invest? What money?
Money to invest? What money?
If you’re going to have money working for you, the first thing to do is to get some money, right?
I know what you are probably thinking,
“Sure I understand that it takes money to make money, but I don’t have any money. I can’t pay my bills now. I want more money, but I can’t save any money on my present income. I’d like to use this method, but where will I get the money?”
Let’s talk about method #1 for getting some money to start your investments. Remember, you want money working for you so you don’t have to do all the work.
If you don’t want to use method #1, that’s okay. It’s only one of the methods that are available for your use. But you might want to give this method a try since the discipline it teaches is a discipline you’ll need to
Click here to continue readingIf He Can Do it..So Can you.
John Retirement Plan – If He Can Do it..So Can you.
Name: John
Age:23
Occupation:Taxi Driver
Income:$29,000 a year
Retires weathy: Age 43
At age 23, John was broke.
At age 43, John stoped driving his cab…and retired wealthy!
What happened?
Did John win lottery? did a rich aunt leave a large inheritance? Did he find buried treasure? No.
Becoming weathy and retired wasn’t luck. John had plan.
Just a small, simple change in John’s work habits turned him from a cab driver into a full-time, wealthy retiree-a full 22 years before the normal retirement age of 65!
John will be playing a lot of golf.
We’ve all heard that knowledge is power. Well, John learned that saving just a small amount of money each day would change his ife. The money he saved woud grow through the magic of compound interest.
John has read that if you could save 10% of your salary and
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