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Fund Your Lifestyle Or Your Retirement Fast, Using Nothing More Than Compound Interest
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Fund your lifestyle or retirement fast using only Compound Interest
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"The most powerful force in the universe is compound interest"
- Albert Einstein
If you ask almost anyone about compound interest, you will hear them say "yeah, I know about it."
If everyone truly understood what compound interest was, then we probably would not have so
many people having credit card debts that are piled up to the ceiling. The sad truth is the financial
sector is using this to their advantage against general public. They are making millions and
millions from the general public.
OK. So what is compound interest you ask?
To explain in the simplest way - basically interest paid on interest and principal over a period of
time. If you have $10,000 today, and you make 3% per year from you bank, you would have
$10,300 by the end of the year. If you continue to leave your money there for the 2nd year, you will
now have accumulated $10,609. 3rd year - $10,927. By compounding interest, you are actually
making your money work harder for you. $10,000 compounded yearly at a 10% per year will
double your money in 7 years. In 28 years, you would have about $160,000.
$160,000 from a small amount of $10,000!
While all that sounds really nice and cool to be financially free when you retire - seriously, who
would want to wait around to be that old to be finally financially rich? I certainly wouldn't . So how
do we get this working for us?
Notice, how credit card charges can work against you? Or how your bank is telling you that they
calculate interest daily and that is supposedly to your advantage? Start to have an idea. The large
corporations are the one that are using this powerful tool to their advantage.
And what do we get? Well, mutual funds and stocks, typically, only provide yearly dividends.
Likewise, the banks on their fixed deposits - yearly - with pathetic interest rates that is normally
lower than inflation rates. You get a raise only once or at the most twice a year. Almost anything,
which is to our advantage, is compounded on a yearly basis. So how can we make use of this
incredible force to help us in our goal to achieve financial freedom?
For compound interest to work for us, we have to see frequent compounding. The more frequent
the better it is. Half yearly compound is definitely better than yearly. Quarter is better than half-
yearly. Compounding by the seconds would be most ideal and compounding interest over a long
period would really magnify its power. So, when you want to see the real power of compound
interest and to start getting your hard earned money working for you, you need to choose a vehicle
that can provide:
2. o Excellent returns
o Frequent Compounding
o Low Risk
o Liquidity. Allows you to withdraw whenever you want
Start having your dollar work harder with daily compounding interest and financial freedom is
really not far away.
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Fund your lifestyle or retirement fast using only Compound Interest
http://www.justbeenpaid.com/join.cgi?r=aushero&p=nature1
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