Tags |
|
|
Links |
|
|
Member You - Get Wealthy With the Rule of 72
A huge part of society needs debt relief from credit card debt. Finding this relief will be an effort on your part. While literally millions of consumers try to eliminate their debt, only a few achieve this major goal. Why? High interest rates, late fees, too many credit cards and installment loans. Most can barely afford to make the minimum payments. With interest added monthly,
Also notice that 28 rep
The professionals can do a lot with their take on search engine optimization strategy, but I'm not writing to them. This is for the person with limited website design expertise and who does the website design and internet marketing for their own home based internet business. There are many other ways to optimize you website for success, but here are some simple, basic things to
First we'll explain the Rule of 72. If you divide the number 72 by the rate of return on your investments the answer is the number of years it will take to double your money. If you are getting 7% annually then 72 divided by 7 equals a little over 10 so it takes 10 years to double. A 9% return divided into 72 gives us an 8-year time span to double. A 10% return needs only 7 years to double.
Now what return can reasonably be expected in our real world? Over the last 100 years or so the United States stock market has returned 10 to 11% per year on average, depending whose figures one reads. We'll use the figure 10%.
Suppose at age 37 you start saving for retirement. We choose a reasonable sum of 110 dollars a month. In 7 years you notice that you have accumulated 13,200 dollars. Another 7 years go by and you see that you have nearly $40,000. At the end of 21 years you have $93,000. By age 65 you notice that 28 years have gone by and you have $200,000 dollars. The rate of return kept steadily increasing. Those of you with some mathematical leanings will recognize this as an exponential rate and also as compound interest. This website has a good calculator: http://www.tcalc.com/tvwww.dll?Save
Also notice that 28 rep
If you have been in internet marketing for long, you should know that one of the essentials to success is building your own list. Whether you are selling your own products, selling on eBay, affiliate marketing, network marketing, or anything else online, you must have your own list.Why? Just as in the offline world, people buy based on relationships. They buy online at a
Now what return can reasonably be expected in our real world? Over the last 100 years or so the United States stock market has returned 10 to 11% per year on average, depending whose figures one reads. We'll use the figure 10%.
Suppose at age 37 you start saving for retirement. We choose a reasonable sum of 110 dollars a month. In 7 years you notice that you have accumulated 13,200 dollars. Another 7 years go by and you see that you have nearly $40,000. At the end of 21 years you have $93,000. By age 65 you notice that 28 years have gone by and you have $200,000 dollars. The rate of return kept steadily increasing. Those of you with some mathematical leanings will recognize this as an exponential rate and also as compound interest. This website has a good calculator: http://www.tcalc.com/tvwww.dll?Save
Also notice that 28 rep
It is easy to begin selling items on eBay, and almost anyone can register to do so. However, the difficult part is coming up with an idea that will offer a profitable return on investment. You have to plan carefully to be sure that you will profit from your eBay business venture, and this means lots of research, determination, and savvy. You’ll have to know about which products se
Now what return can reasonably be expected in our real world? Over the last 100 years or so the United States stock market has returned 10 to 11% per year on average, depending whose figures one reads. We'll use the figure 10%.
Suppose at age 37 you start saving for retirement. We choose a reasonable sum of 110 dollars a month. In 7 years you notice that you have accumulated 13,200 dollars. Another 7 years go by and you see that you have nearly $40,000. At the end of 21 years you have $93,000. By age 65 you notice that 28 years have gone by and you have $200,000 dollars. The rate of return kept steadily increasing. Those of you with some mathematical leanings will recognize this as an exponential rate and also as compound interest. This website has a good calculator: http://www.tcalc.com/tvwww.dll?Save
Also notice that 28 rep
Like I have mentioned in the last two articles in this series, list building really is a very special part of maximizing online income (although I may not have said it just like that!). But really, list building is what really allows you to succeed online – because in some way it allows you to break even on the first time the visitor gets to your web site, because you know that y
Also notice that 28 rep
A recent report done by Yankee Group, a Boston-based market research company, states that at the end of 2004 around 34 percent of small and medium sized businesses in North America are selling goods and services on the Internet and another 25 percent is planning to do so within next 12 months. Online sales in the United States represented 8.4 percent of the country’s G
Also notice that 28 represents four 7-year spans, time for the first dollars to double four times. Observe that during the first 7-year period you accumulated $13,000, during the 2nd 7-year period $27,000, during the 3rd 7-year period $43,000 and during the 4th period $107,000. During the 4th period you grew eight times as much as in the first period. All without changing the amount saved, $110 per month.
You think to yourself "I wish I could have twice as much". You may have figured out where this is going. Just START 7 YEARS EARLIER. Now at the end of 35 years you have $414,000, just for starting sooner. And if you start another 7 years earlier, imagine, $846,000. You accumulate $214,000 during the fifth 7-year period and $432,000 during the sixth 7-year period. Sixteen times and thirty-two times the amount in the first 7-year period. All for the same 110 dollars a month!
Yes, I know. This would require beginning saving at age 23, a very difficult thing to do. I also realize that those people with marginal incomes just don't have money to save and also that younger people usual have lower earnings power and incomes. I'm trying to make the point that to whatever extent yo
HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.memberyou.net/article/104452/memberyou-Get-Wealthy-With-the-Rule-of-72.html">Get Wealthy With the Rule of 72</a>
BB link (for phorums):
[url=http://www.memberyou.net/article/104452/memberyou-Get-Wealthy-With-the-Rule-of-72.html]Get Wealthy With the Rule of 72[/url]
Related Articles:
The Six Ultimate Business Truths
What To Do With A Dental Degree
Space and Time-Saving Technology Offers a More Work-Friendly Environment
Bookmark it:
|