Skip to main content

Your Way to Financial Freedom

 

The Power of Compounding

Obtaining the financial freedom and abundance you deserve is easy. The secret to getting beyond scarcity is to start beyond it by feeling a sense of abundance right now and living your life as if you already were financially independent.

1. Make it a must Give yourself a compelling future that makes it impossible for you to fail. My must for financial independence was the birth of my son and my desire to give him an extraordinary quality of life.

2. Get hungry Stop blaming everyone else. Set your goals, make them a must and commit to making the necessary changes now.

3. Add value to other people’s lives Remember, your income is in direct proportion to your contribution.

4. Don’t be a victim of the “tall poppy syndrome” Other people may want to chop you down to their size, but don’t let that happen!

The Power of Compounding

Compounding occurs when you invest money and allow it to continuously reinvest itself. With this strategy, you’ll realize explosive growth beyond your wildest imagination.

Examples:

• In an 18-hole golf game, if you bet just 10 cents on the first hole and double your bet every hole thereafter, the last hole will be worth $13,107.20. No matter how little you start with, you must start now! If you wait until the third hole to begin, betting on 15 holes instead of 18, the total comes to only $1,600.

• Saving $150 a month ($5 a day) at a 15% annual return for 30 years yields $1,051,000. 

• Saving $250 a month in that same period of time produces $7.8 million

• Investing $100 a month at your child’s birth at a 15% rate of return results in $110,000 when the child turns 19. Leave it alone, and it grows to $9.6 million when he or she is age 50, $32.9 million at age 60, and $158 million at age 70!

• UPS deliveryman Ted Johnson never made more than $30,000 a year but left a legacy of more than $70 million!

Statistics show you’re going to live a long time. What are you going to do when you get there? Handling your finances is critical, and compounding is the ticket, so start investing now. If you’re not willing to take a dime out of a dollar today, you won’t be anymore likely to take a hundred thousand out of a million later.

Comments

Post a Comment

Popular posts from this blog

Maximizing Your Profits with Scoring

SETTING YOUR MAXIMUM INTRADAY TRADING LOSS First things first: set a max intraday trading loss. There will be days when you just do not have it. Why do you think coaches pull their players when they are not playing well? They are more harmful on the field than off. When you are underperforming, you are hurting your team and your trading business. You need a system to yank yourself over to the bench. A stop loss is your answer. TRADING BASED UPON THE TIME OF DAY A good trader makes note of what time of day it is, when he trades most profitably, and adjusts his trading to fit such times. Your numbers at the end of the month will not reflect your true trading potential. Make the most trades with the most size during the trading periods that statistically are most profitable for you. Money saved during your weaker trading periods is money earned. Consistency The fact is that most trades you make will start working for you right away. But the new traders also hold stocks that are trading ag...
Post a Comment
Read more

Self-Discipline

One must gain mastery over self the person who is not master of himself can never be master of others. Lack of self-mastery is, of itself, the most destructive form of indefiniteness. By mastering the three appetites responsible for most of one's lack of self discipline. The three appetites are (1) The desire for food, (2) The desire for expression of sex, (3) The desire to express loosely organized opinions. When a man becomes master of these three appetites, he has developed enough self-discipline to conquer easily those of lesser importance. Self mastery contempates sufficient control over the appetites to enable one to feed them what they need and withhold food not needed. Take the desire for physical food, for example. The majority of people are so weak in self discipline they fill their stocmachs with combinations of rich food which please the taste but overwork the organs of digestion and elimination. They pour into their stomachs both quantity and combinations of food which...
Post a Comment
Read more

Blessing In Disguise

I used to hate my enemies. But that was before I learned how well they were serving me by keeping me everlastingly on the alert lest some weak spot in my character provide an opening through which they might damage me. In view of what I have learned of the value of enemies, if I had none I would feel it my duty to create a few. They would discover my defects and point them out to me, whereas my friends, if they saw my weaknesses at all, would say nothing about them. ACCEPT FAILURE AS A NORMAL PART OF LIVING. VIEW IT AS PART OF THE PROCESS OF EXPLORING YOUR WORLD; MAKE A NOTE OF ITS LESSONS AND MOVE ON.  -Tom Hobson  There can be no failure for the person who "still fights on:' No one has ever failed until they accept temporary defeat as failure. I am convinced that failure is Nature's plan through which she hurdle jumps those of destiny and prepares them to do their work. Failure is Nature's great crucible in which she burns the dross from the human hear...
Post a Comment
Read more