Can there be such a thing as a guaranteed way to get rich?

YES!

Let me explain.

You see everyone’s out there talking about overnight riches, making fast money.

Well, I don’t believe in overnight anything.

I do believe that you can get there fast and with the right mindset you can attract lots of success to you, as I teach in my Business Attraction course.

But what I’d like to talk to you about today, is a guaranteed slow way to get rich.

Why would anybody want to do it the slow way?

Well, even though we all want instant business success, I know you’re not naïve enough to believe that the first business you start will get you there. It might, and I hope it does for you, but most people go through a trial and error process, gaining experience, etc.

Yes you can shortcut the process with specific tools and strategies, but at the same time, don’t you think it would also be wise to have a game plan in place to make sure you that you have strategy in place to become wealthy no matter what?

I call it financial independence.

And I don’t see anyone talking about that. Accumulating enough money to be able to live like you want to live, do whatever you want to do, and money is not a consideration.

Anyone interested in that?

Here’s the simple game plan.

Pay yourself first.

That’s it.

Save and invest your money.

I’ve involved in financial services since 1995.

I’ve personally sat down with over 1,300 individuals, in their home, talking to them about their financial situation.

And you know what?
Most people don’t save money.

They talk about it.

They know how important it is, BUT most haven’t started yet.

Look. If you take $100 and invest it at 12% in 20 years you’ll have $100,000.

In 30 you’ll have $350,000.

In 40 it’ll become $1.2 Million.

(Yes it’s more than possible to get 12% return on an average. Find a good mutual fund and invest it in it, and see what it’ll average

That’s right. You can start at age 25 and save a measly $3 a day, and you’ll have $1.2 Million at 65.

What if you double up, and then each year increase it, just a little bit.

You’ll be staring at a net worth of anywhere between $2.5 to $4 Million.

Not too shabby hah?

This is the magic of compound interest.

Yes I know it’s a while, but we’re talking about a way to GUARANTEE yourself a secure retirement.

Why not have that along with your other plans to grow your business.

Here’s what I hear from some people. “But I want to take this money and invest it in my business, so it grows quicker.”

Let me tell you a story about a guy, we’ll call him Jerry.

Jerry was an owner of a car repair shop. When I talked to him about saving money for retirement that’s exactly what he told me, is he wants to invest in his business instead, and he’ll get to saving and investing for retirement someday.

At the time he was in his mid 40’s.

Jerry had a stroke a few years ago, and he’s completely unable to operate his business. His business was solely dependent on him, so today his business is gone.

He’s in his mid 50’s now with no job, no business, and no savings for retirement. He’s receiving some disability income, enough to get his family by barely, and his wife had to go get a job.

Now let me tell you about another person, we’ll call him Steve. Steve was in his late 50’s when I met with him. As an immigrant with very little English, but a lot of desire, he worked 2 jobs in different hospitals as a tech, and his wife was working as well.

After sharing with them the importance of saving and investing and how compound interest works, they started saving about $100, and gradually increased their contributions to 20% of their income. And they weren’t making a whole lot.

Last year, due to an unfortunate surgery, Steve couldn’t go back to work, and he’s now in his late 60’s. But he now has over $350,000 and his wife still continues to work, although based on their lifestyle she could cut back or retire completely.

You see the difference?

Don’t be like Jerry.

Start early and don’t wait. You will be glad you did.

By the way, as a side note. When you begin your saving and investing, that action by itself, sends a message to the Universe that you’re expecting more money, and your account will magnetize itself with more abundance.

So start immediately, even if it’s just a little, but starting is what counts.

This entry was posted on Saturday, June 21st, 2008 at 2:37 pm and is filed under Money Making. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site. Tagged: investing, Law of Attraction