Posts tagged "compound interest"

The Power of Compound Interest

I found this article on Ezine Articles. Very interesting if you want to know how to build a wealth.

Step by Step to Be Wealthy – Discover The Power of Compound Interest

Money cannot buy you happiness, but it can buy something that make you a little bit happier.Thus, it is important you learn how to invest and start investing as young as possible. Why? For a $100 a month, you can lose more than $2 million if you wait.

Let me give you few examples.

1) If you save $100 per month, 12 months you got $1,200 for 40 years, you got $48k.

2) If you put $100 per month in bank that gives you 1% interest per year for 40 years, at the end you got $58k

3) If you invest $100 per month in something that gives you 3% interest per year for 40 years, at the end you got $92k.

4) If you invest $100 per month in something that gives 10% interest per year for 40 years, at the end you got $632k.

5) If you invest $100 per month in something that gives you 15% interest per year for 40 years, at the end of 40 years you got $3.1 million. Now guess? What happen if you delay for 10 years?

6) If you delay for10 years and invest $100 per month in something that gives you 15% interest per year for 30 years, at the end you get $693,625. In short, you just lost more than $2 millions dollar for the delay. Why delay, Start TODAY!

The common excuse is I do not have enough money. So, you can

1) Start putting at least $1 in your Financial Freedom Account.
2) Create additional source of income.

Explore your capabilities, get another job or make money online.

If you want to make money online, visit http://www.StepbyStepToBeWealthy.info

Article Source: http://EzineArticles.com/?expert=SuoPhuan_Tay

Posted by admin - May 27, 2010 at 8:47 am

Categories: Wealth Building   Tags: