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Further
Reading ...
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Want to Be A Millionaire? Think Like One. Here's How - Susan Dunn M A
What makes a millioniare? A tireless work ethic? A high IQ? Dumb luck? Good financial karma? None of the above, says Annelena Lobb, in "You Think Lilke A Million Bucks." Kathleen Gurney, Ph.D., author of "Your Money Personality" and CEO of...
Are They Stealing Your Commissions? - Esther Smith
Surveys suggest that at least 50% of your affiliate commissions are being stolen. That’s 50% minimum, of YOUR money straight down the tubes. So here’s my question to you: If you saw this link in an email, would you know that it was an affiliate...
I Don't Want To Read Anything! I Don't Need Information - I Just Want To Make Money - Hal Archer
I Don't Want To Read Anything! I Don't Need Information - I Just Want To Make Money! Does this sound familiar to you? It does to me. Unfortunately, there seems to be an attitude of - "Just give me the stuff to make money with. I don't need to know...
What Your Personal Assistant Really Wants - Lorraine Pirihi
What would happen if the personal assistants in your organisation were away for a week? How would it affect the running of your business or department? How would it affect you…personally? If you are fortunate to have a personal assistant whom you...
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Compounding: The Science Of Exponential Money Generation
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Written By:
Martin Thomas
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It all begins with a simple calculation.
You are home on a rainy Sunday afternoon, looking at the flashy calculator you found on sale last month for $12 at the local buy n’ save. It was a good buy.
You find the percentage button, and try to decipher how it all works.
Before long you are calculating percentages like a pro.
An hour later, you stumbled across an idea everyone with a calculator on a rainy Sunday afternoon stumble across. That of calculating the money you have squirled away at the local bank branch in a fixed term savings account. You recall the rate was guaranteed 7% and even though you are only locked in for 12 months, you decide this money will become your retirement fund. All $3000 of it.
So you start crunching the numbers for ..oh, say 30 years.
In 30 years, you calculate that it will become $22,836.76 Wow! even if you do nothing. Not bad.
A show comes on the television that grabs your attention, and your calculator is absently passed onto the coffee table as you get comfortable, and get set to watch “The most dangerous animals on earth-a ten point count down”.
You watch, but the calculator sits patiently within your line of sight. During one of the ad breaks, you get another idea.
What if you could find some other investment vehicle to grow your money? What if you could find somebody that offered more interest?
You don't know where you will find somebody willing to offer you this much interest but you try it anyway....30%
30% at 30 years.
Wow. $3000 turns into $7, 859,983! Wow! you hum to yourself. You begin to pay a lot of attention to your calculator, the TV show is up to number one, the most dangerous animal on the planet is........you don't care. You don’t even hear the television.
Suddenly a - continued below ...
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continued ...
wise voice enters your head. You know its wise, because it told you. It says hey, 30% is not a huge jump from 7%. Yes it is a lot different, but not proportional to the result. $22,000 odd dollars, compared to nearly 8 million is a big difference.
There’s something to this.
You resolve to investigate this. You steady yourself for the figure that will come next, when you try 100% You start crunching.
...after picking yourself up off the floor, you decide to do some research on your favourite resource site Ezine, a search for compounding you find this article.
Surely it can’t be that hard to maintain a level of compounding that’s fairly interesting over a number of years? You reason.
And you know what? You are right. It's a science. Its simple math and the results are under your control if you want them to be.
Your actions determine your results, why wait 30 years for compounding to work for you?
You can manufacture exceptional results with a some solid research, and deploying that knowledge.
There’s a lot more to Compounding than the math. But look, they say in life, you get what you put in, however, compounding is different. When compounding your own money, as we have seen, that theory is just inadequate to express the returns.
Its time you investigated compounding properly. Keep an eye out for my articles here, or visit our web site right now on the link below for a lot of free insights and open content pages.
(c) Martin Thomas 2005.
About the Author
Martin is an investor who is also part of a team that maintain a website for ordinary people to find rapid resource pathways to wealth. http://www.opportunity-investor.com. With quality content heavily slanted towards good common sense.
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| _Additional Resources ... |
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The Road to Success - Kate Smalley
Never have I been in the position of making as many critical decisions as I am now - at the helm of my own business. I never imagined that providing freelance secretarial services could be such a busy endeavor! When I first started it was so...
8 Tips for Successful Link Blitz Management - John Gergye
Lots of people loudly proclaim the importance of inbound links. In fact depending on your niche up to 80% of your rank in Google may depend on your ability to conduct an ongoing link blitz. Not to mention all the traffic well placed links can...
Hone Your Edge, Stay Focused - Duane Gordon
A common hazard faced by new entrepreneurs is a lack of faith in the power of their offer. Many business people lose focus because they are worried they wont generate enough cash flow from their core product. They attract potential customers with...
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