If you look at the size of your retirement and wonder if you’ll ever be able to retire….or if you carry a lot of fear about your financial situation…or if you know you just can’t save any more and what you have save is not enough…take heart. It’s not too late to make significant improvements.
You might have seen a financial calculator showing how much $10,000 could be if compounding at 50% a year for 10 years…
But what you haven’t seen is a calculator showing you exactly how you can get that desired annual rate of return. Use the one below to see exactly how to structure your trading to attain your desired financial condition.
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The Wealth Creation Cycle has two parts. The first part is where most people focus all their time and make incredible sacrifices to improve….it’s the earning part.
The second part is putting your money to work and it’s where where most of us are nervous enough that we’ve hired a professional to help us.
The problem is those experts have failed us. The good news is you don’t need to earn or save as much as you think you do if you can put your money to work at higher rates of return.
It almost doesn’t matter where you are right now or how much you can save or have saved, it’s not too late to improve your financial picture. We’re not saying it’s easy or even that you an do it.
What we are saying is that it’s theoretically possible. And it won’t take saving more money or stealing from banks. All it takes is a willingness to learn new things and the determination to keep at it until putting your money to work like a pro becomes second nature.
Most people are kept from success because of the 4 inches between their ears. Habits of thinking prevent many people from seeing or taking advantage of opportunities. Changing these habits is usually difficult and takes a lot of emotional effort and time. But isn’t that the way with any good thing in life?
Are you willing to live today like most people won’t so you can live tomorrow like most people can’t?
In 2005, a University of Kansas student asked Buffett “According to a business week report published in 1999, you were quoted as saying: “It’s a huge structural advantage not to have a lot of money. I think I could make you 50% a year on $1 million. No, I know I could. I guarantee that.”…would you say the same thing today?”
Buffet responded: “Yes, I would still say the same thing today. In fact, we are still earning those types of returns on some of our smaller investments. The best decade was the 1950s; I was earning 50% plus returns with small amounts of capital. I could do the same thing today with smaller amounts. It would perhaps even be easier to make that much money in today’s environment because information is easier to access.”
Your money can work much harder than it has. You can have more money than you thought possible. You can feel financial confidence where you’ve only felt financial fear. You can achieve financial freedom…. Almost anyone can do it. Maybe you can do it. The only question is, “will you do it?”
A recent study showed that 1/3 of those closest to retirement have saved less than $25,000. Most people feel like they’ll have to work until they die because the average mutual fund gains of less than 4% a year just won’t allow them to retire.
It’s not too late. Investing just $25,000 and saving only $100 a month for 10 years could still give you a comfortable retirement. Use the calculator above to see just how impactful even a few points a year improvement in your ROI really is.