Life is not easy for any of us. But what of that? We must
have perseverance and, above all, confident in ourselves. We must believe that
we are gifted for something, and that this something, at whatever cost, must be
attained.
Inside this issue:
Anyone starting from wherever they are can become wealthy in the world
Looking back
Everyone starts from nothing
You can so it, too
Save $100 per month
Action exercises
ANYONE STARTING FROM
WHEREVER THEY ARE, CAN BECOME WEALTHY IN THE WORLD
Here is some great news. Wherever you are in your financial
life, you can become wealthy over the course or your working lifetime. If you
start early enough, work hard enough and do what other successful people do,
you may even become a millionaire
Looking Back
In 1900, there were less than 5000 millionaires in the world. Today, there are more than five millionaires and the number is
growing rapidly. There are more than two hundred billionaires as well.
EVERYONE STARTS FROM NOTHING
EVERYONE STARTS FROM NOTHING
Most of these wealthy people are self-made. That is, they
started with nothing and they earned every penny by applying their talents and
abilities to the opportunities that came along. The number of millionaires is
growing at the rate of 15% or more per year. Someone somewhere becomes
millionaire every 3-4 minutes. And what these other self-made millionaire have
done, you can also do as well.
YOU CAN DO IT
The wealthy are not very different from you and me. They
have simply used more of their God given talents and done things in a different
way from the majority. The wonderful thing is this. And I cannot repeat enough.
You can start right off wherever you are, evenly deeply in debt, and achieve
financial independence if you do the right things over and over again until you
get the results you desire.
SAVE $100 PER MONTH
If you save $100 per month from the
age of 21 to the age of 65 and it grows at a compound rate of 10 per year, you
will have more than 1 million dollars when you retire. If you earn $25,000 per
year and save just 10% of your income, or $25000 per year, and invest it
carefully so that you earn 10% compounded over the course of your working
lifetime, you will be worth $1,794,762 through the miracle of compound
interest. The key to riches is simple. Save and invest 10% of your income
throughout your working lifetime and you will become rich. It is as simple as
that.
ACTION EXERCISES
First, make a decision today that
you are going to save 10% of your income for the rest of your working lifetime.
Set it as a goal, make a plan and then discipline yourself your self to save
that amount for the rest of your career. Second, go to the bank today and open
a special account for financial independence. Deposit whatever amount you can
in that account. From now on, think every day about how you can put more money
into that account and then invest it wisely. This will change your financial
life.
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