Author Box
Articles Categories
All Categories
Articles Resources

A Single Dollar - Has the Power to Grow Into a Million Dollars

April 03, 2012 | Comments: 0 | Views: 124

Every dollar bill is a money seed. Like any seed if it is planted and allowed to grow it becomes a money tree. This tree once grown up will give you fruits year after year. It will also give seeds to plant further trees. If you destroy the seed it will never grow to be a tree and will never bear fruits for you. Now let us see how the one dollar seed grows into a million dollar tree.

If you invest one dollar at 5% rate of interest it will grow into a million dollar tree in 284 years. If the same dollar is invested at 10% interest rate the time is cut short to 145 years. It will take only 75 years for a dollar to become a million if you invested at 20%. Not planning to live that long? Then plant a few more dollar bills. It is that simple. Let us see what happens if you start planting one dollar every day i.e. $30 in a month.

A Dollar a Day will make you a Millionaire in your Lifetime

It is easy if you want to become a millionaire in your lifetime then save one dollar a day and invest it sensibly. Please study the following statements carefully:

  1. A dollar a day invested at 5% will take 100 years to become a million.
  2. A dollar a day invested at 10% will take 56 years to become a million.
  3. A dollar a day invested at 20% will make you a millionaire in only 32 years.
  4. Want to be a billionaire? A dollar a day when compounded at 20% interest will make you a billionaire in 66 years.

You will say that earning 20% return is not possible. Later in this book I will show you how you can earn not only 20% but as high as 60% to 70% or even 100% return on your investment.

This magic happens if you plant one dollar bills every day. I am reasonably sure that most of us can do better than $30 a month. We can dramatically cut short the period and become millionaires much faster if we can plant let us say $10 seeds every day.

If you understand this simple mathematics then that one dollar bill in your hands will never feel the same again. It holds the seed for your financial future and well being. If you lose it or spend it foolishly then the dollar seed is destroyed forever. If you save it and invest it wisely it has the potential to make you and your family rich forever. Once it grows into a million dollar tree it will bear fruits for you and your family year after year.

You will ask if making a million dollars is so simple then why is not everyone a millionaire. The simple answer to that is lack of discipline. Most people lack the discipline and perseverance required over a long period of time.

Becoming a millionaire can be a very boring and repetitive exercise over a period of time. Most people want excitement and thrill and in the process they gamble away their financial future.

There will be skeptics who will say sustained 20% growth is not possible. Well, Warren Buffet, the investment guru, has done it consecutively for the past 40 years for his investors.

Later in this book you will see strategies that can help you grow at a much faster rate than 20%. You don't need to be a financial genius to achieve this. All you need are a few financial skills and discipline. Simply put all you need to do is funnel some of your ill spent dollars into financially sound investments.

The above article is an extract from the book The Power of Compounding. Visit WealthMastery to learn how to create residual income.

Source: EzineArticles
Was this Helpful ?

 
0
 
0
 
Rate this Article
 vote(s)
Feedback
Print
Re-Publish

Article Tags:

How To Grow Rich

,

The Power Of Compounding

,

How To Make Millions

,

How To Get Rich Quick

,

Compunding

Forex dealing is dealing in currency trading and basically includes dealing in foreign exchange while the stock market dealing is the dealing of stock in a standard market market. The two types of

By: Anil Mali l Investing > Stocks l October 25, 2012 lViews: 243

Investments in silver metal can be done by several ways. The article talks about the best ways of silver investments. Silver, the precious metal has always attracted investors for several reasons.

By: Kyles Humphrey l Investing > Gold Silver l August 17, 2012 lViews: 305

The article offers reasonable reasons for high oil prices. Crude is indispensable and it is a great source of energy. The prices on oil keep on altering, sometimes it is too high and sometimes it

By: Kyles Humphrey l Investing > Stocks l August 17, 2012 lViews: 286

Many investors are unaware of new tax that will be levied as part of the Supreme Court’s decision to uphold President Obama’s health care reform. The investment tax, as it is being referenced,

By: Ben Esget l Investing > Retirement Planning l July 17, 2012 lViews: 405

A few months ago, I was at Starbucks talking to someone about stocks and bonds, he and his wife had worked hard and were worried about the stock market. They wanted something much less risky. He

By: Lance Winslow l Investing > Stocks l July 11, 2012 lViews: 434

The first step in the risk management process is to acknowledge the reality of risk. Denial is a common tactic that substitutes deliberate ignorance for thoughtful planning.

By: Lawrence Tepper l Investing > Retirement Planning l July 10, 2012 lViews: 240

Many investors are unaware of new tax that will be levied as part of the Supreme Court’s decision to uphold President Obama’s health care reform. The investment tax, as it is being referenced,

By: Ben Esgetl Investing > Retirement Planningl July 17, 2012 lViews: 405

The first step in the risk management process is to acknowledge the reality of risk. Denial is a common tactic that substitutes deliberate ignorance for thoughtful planning.

By: Lawrence Tepperl Investing > Retirement Planningl July 10, 2012 lViews: 240

You Must Take Calculated Risks to Succeed. Financial Education is the Key. Promissory Note Investing Has 3 Types of Risk. Risk comes from not knowing what you are doing.

By: Lawrence Tepperl Investing > Retirement Planningl July 09, 2012 lViews: 178

Overseas retirement has been a very attractive means to start over for people who have spent more than half of their lives toiling day and night. This could be the very dream of the younger ones as

By: Kate Bryanl Investing > Retirement Planningl July 08, 2012 lViews: 188

All investing is an inexact, challenging activity. Investing is more like an art form than an actual science. Specialized investing, such as promissory note investing, is a relatively small and

By: Lawrence Tepperl Investing > Retirement Planningl July 07, 2012 lViews: 192

It's the epidemic of the unemployed younger working class that is a major threat to the financial longevity of our nation. Our future leaders are bitter, and with rightful cause. Without addressing

By: Cal J Burgessl Investing > Retirement Planningl July 03, 2012 lViews: 168

Discuss this Article

comments powered by Disqus