Publisher's Synopsis
Let your money GO LONG It takes time to score big. We have to let the play develop on its own. It is impossible to know the exact winning position in advance (next Apple stock). If we have a plan to receive our wealth in the end zone after enough daily practice exercises, we will win. We must practice every day in order to create long-term wealth. We must plan for wealth today. Most working people who became rich did not have a degree in finance. Most did not use hedge funds, Wall Street brokers or special overseas tax evasion schemes. They built wealth the old-fashioned way: They maximized their savings every day. Their $9 a day, $250 a month became $1 million over time. This chart is a summary of their account values. 1$3,000 15$125,000 20$250,000 33$1,270,000 Schools should use this chart in every math class. Your $3,000 a year, $99,000 total savings can become over $1,000,000. But you have to let your money work for you. You have to leave it alone. Look at how your money grows. In 15 of the 33 years, your account only shows $100,000. Compounding is money earning money on its last period interest and principal. By year 20, it DOUBLED. By year 33, it topped $1,000,000. Listen to how parking lot attendant Earl Crawley did it: http: //www.youtube.com/watch?v=XD0svDGyLWU
