WARNING The Biggest Lie About Compound InterestWARNING The Biggest Lie About Compound Interest

Have you wondered why financial experts only tell you certain things about building wealth? Do you think its in their best interest to tell you the absolute truth?

LIE: The Magic of Compound Interest: Save $X per month and you can retire RICH.

FACT : Compound Interest works only for the very few. The very few who began investing in their 20's and NEVER, EVER, EVER STOPPED. They didn't stop when they bought a car, house. Got married, had kids. Paid lots of bills, mortgage payments, loan payments, credit card payments. For the rest of us life expenses cost money, and so your savings account that you had been contributing monthly to gets sucked dry.

You've also seen the magical compound interest investment chart:

Invest $X/mth and after 10 yrs you'll have good cat food money.

Invest $X/mth and after 20 yrs you'll have gourmet Kraft dinner.

Invest $X/mth and after 30 yrs you'll be a millionaire.

Invest $X/mth and after 40 yrs you'll be a bazillionaire.

Now follow me closely on this next point...

Who in the HECK wants to work for the next 40 yrs and has the DILIGENCE to continously invest monthly without stopping your contribution or WITHDRAWING any money at all.

Listen...The magic of compound interest benefits YOUR BANK. There I said it.

YOUR BANK loves compound interest. Guess what they charge you on your mortgage? Guess what they charge you on your credit cards?

I would smile if I was the bank president to.

#1. Today's investors don't have the patience to let compound interest work its real magic.

#2. The market's haven't been exactly going up in the last few years either...

So, what can you do to COMBAT the lie about compound interest?

You can learn the TRUTH about making money... (stayed tuned for my next article)

Copyright Lincoln House Publishing

by Owen Stobbe
References and Bibliography

Lincoln House Publishing
http://www.howrichpeoplethink.com
Unlock The Secrets To Unlimited Success,
Supercharge Your Inner Power, Send Your
Wealth Potential Into Overload.

Rated:NR/0 Votes
4 Views
Add To My Article Reading List
Add To My Article Reading List
Print Article
Print
More Article By Owen Stobbe
More Article by Owen Stobbe
Share
More Articles From Wealth Building
More Articles From Wealth Building
Related Articles and Readings
Why The Rich Get Richer - The Secret Of Compound Interest By: Jamie Alexander
If you have ever wondered why the rich always get richer the reasons may surprise you It often comes down to two ...
Understanding Compound Interest By: John Mussi
With all of the financial terms in the world, it seems that few are more confusing than compound interest. Perhaps it is the name that leads people to misunderstand exactly how it is that compound interest works, or maybe it's the formula that is used to compute it.Compound interest doesn't ...
Bad Credit Mortgage Refinance Loans Focus on Compound Interest By: Greg Pashby
Upon initial glance, you may look at the term ?compound interest? and become confused. Hopefully the following information will help clarify this term and make your financial planning easier.?So, what is compound interest?? you ask. Compound interest is the interest collected on the principal amount of the deposit, as well ...
Achieve Financial Freedom Using The Power of Compound Interest By: William Tan
"The most powerful force in the universe is compound interest" ...
The Power of Compounding Interest By: Michael Press
Compound Interest is an investor's best friend. The word compound has many different definitions, but one of those definitions is "to add to; increase". With compound interest, your money will continually increase in value. Here's an example of compound interest. Bill has $30,000.00 and invests it in a stock that ...
The information provided in this article and/or the comments is the sole responsibility of their respective authors and does not necessarily reflect the opinion of ezinepost.com. ezinepost.com  does not endorse any article and/or comments published by our web users unless otherwise noted. 

Member Panel

login to submit articles and more

StatisticsEZINEPOST.COM

  • » Active Categories: 419
  • » Active Articles:252603
  • » Active Authors:31917
  • » Active Members: 38237
  • » Statistics Updated:
    - Tue Sep 1st, 2020 09:28AM EST