Monthly Market Risk Update: April 2024 [SlideShare]
Financial independence for entrepreneurs
1. FINANCEP L A N N E R P R E S E N TAT I O N T E M P L AT E
2. D o n ’ t W a i t U n t i l Y o u S e l l Y o u r B u s i n e s s –
F i n a n c i a l I n d e p e n d e n c e f o r E n t r e p r e n e u r s
S o u t h A t l a n t a B u s i n e s s A s s o c i a t i o n – P e a c h t r e e C i t y
M a y 9 , 2 0 1 9
LISADUKE.NET
4. Working with A Mentor
Make More Money
Tax Planning
Entity Structure
Using Businesses to Feed Businesses
Think Like A Business Owner
An Advocate for The Desired Future
Compound Interest
LisaDuke.net
8. Would You Rather
Have $4 Million, Or A
Penny That Doubles
Every Day for 30 Days?
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9. Compound Interest
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Day 1: $.01
Day 2: $.02
Day 3: $.04
Day 4: $.08
Day 5: $.16
Day 6: $.32
Day 7: $.64
Day 8: $1.28
Day 9: $2.56
Day 10: $5.12
Day 11: $10.24
Day 12: $20.48
Day 13: $40.96
Day 14: $81.92
Day 15: $163.84
Day 16: $327.68
Day 17: $655.36
Day 18: $1,310.72
Day 19: $2,621.44
Day 20: $5,242.88
Day 21: $10,485.76
Day 22: $20,971.52
Day 23: $41,943.04
Day 24: $83,886.08
Day 25: $167,772.16
Day 26: $335,544.32
Day 27: $671,088.64
Day 28: $1,342,177.28
Day 29: $2,684,354.56
Day 30: $5,368,709.12
10. Compound Interest
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According to economists from the London
School of Economics, one in three people
are completely flummoxed by the concept
of compounding and can't understand the
notion of exponential growth.
I think it's because the magic of
compounding lies in small, incremental
gains over time, whereas most people
prefer, and are confident that they can
achieve, big gains quickly.
- Carmel Fisher, Fisher Funds
12. What’s My Motivation for Telling You This?
I don’t sell insurance. I don’t sell investments. But investing
small amounts of money over time is how we became
millionaires.
I am passionate about helping people get their money
mindset right so they can get on the path to financial
independence.
It is really the only way to become work optional for most
people in our generation.
LisaDuke.net
14. Summary
Waiting for a windfall is high
risk. Your financial prince may
not ever come.
Getting control of your money
mindset so you can save (and
then invest) small amounts of
money over the time is the
most reliable way to reach
financial independence.
LISADUKE.NET