Friday, March 28, 2008

The magic of compounding interest

The magic of compounding interest

The late brilliant Albert Einstein said the most powerful force in the universe is compound interest.

I don’t know about you but when someone as brilliant as Einstein makes that statement my ears perk up.
He went on to say this one strategy can transform the lives of those that put it to use. This strategy has created more millionaires over time than all other financial strategies combined.

It has the power to turn mole hills of money into mountains of cash. That’s why some consider it the 8th wonder of the world.

Why is it so powerful and how can it transform your debt into wealth your status From Middle Class to Millionaire.

Simply put when time – interest returns and money are mixed together a magical thing takes place. Your money multiples at an accelerated rate like rabbits in mating season.

Consider this “Trick” question.
Would you rather have $10,000 per day for 30 days or a penny that doubled in value every day for 30 days?" Today, we know to choose the doubling penny, because at the end of 30 days, we'd have about $5 million versus the $300,000 we'd have if we chose $10,000 per day.

Here is the formula to take you from Middle Class to Millionaire.

FV = PV (1 + i)^N
FV = Future Value (the amount you will have in the future)PV = Present Value (the amount you have today)i = Interest (your rate of return or interest rate earned)N = Number of Years (the length of time you invest)

From middle class to millionaire formula for success

· Invest $500 A MONTH FOR 30 YEARS AT 10% rate of return an in 30 years you’ll have accumulated $1,039,645.51

· Invest the same $500 at a rate of 12% and see it expand to $1,540,485.05

· Increase your monthly investment to $1000.00 a month @ 12% and in 30 years you’ll have an amazing $3,080,970.10


What else can you accomplish with the magic of compounding interest?

· Get a jump start on your Childs education fund by using the 529 plan, and have college paid for by their 18th birthday
· Allocate enough money on the side to buy that vacation home
· Invest in real-estate with your compounding tax free retirement account and watch it mushroom
· Get your personal home paid off in 7-11 years or sooner…What would life be like without a mortgage?

As you can see the magic of compounding interest can make you a millionaire when used strategically.

In fact it’s these same mathematical formulas the banks have been using for decades to earn HUGE rates of returns on the interest you pay on credit cards car loan student and most of all your mortgage. If it makes the wealthiest bankers rich why not put it to use for yourself and family?

Call me clairvoyant but I think at this very moment you’re saying great Billy I could be a millionaire if I only had the extra $500 or $1000 sitting around to invest , but I don’t and I don’t even know where to start.

Don’t sweat it. Get yourself an Economic Problem Prevention audit. You’ll be amazed how the audit will uncover the hidden opportunities within your finances.

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---Getting an Economic Problem Prevention Audit was the
Smartest decision I have Ever Made. I have a solid plan that
pays off my home within 8.1/2 years as well as $1,761,987.21
extra cash for our retirement…
-----Lisa and Tommy O’Neil New York NY

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Don’t let your lack of know how or current financial situation hold you back. The longer you wait the less time you’ll have to take advantage of the magic of compounding interest. There is no better time than now!

I made it as easy as possible to get this Audit.
All you need to do is click here www.SaveMonthly.com/audit
or call 1-800-793-5015 x 103

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