Make More Money the Easy Way
Make More Money the Easy Way
One excellent way to do this is to start saving early! If you are able to put aside $20,000 by the time you’re 35 years of age, you’ll have $142,000 by the time you are 65 (at a 7% return). But if you wait to invest $20,000 when you are 45, you’ll only have $81,000 when you are 65 (also at a 7% return). Delaying ten years costs you almost half of what you would otherwise have at retirement. The results are even worse, even heartbreaking, if you delay until 55 (see chart below).
Invest $20,000 at Different Ages
(Based on 7% return per year)
Age at Initial Investment Return at age 65
35 $142,000.00
45 $ 81,000.00
55 $ 40,000.00
When the amount of money invested (at any age) is more,
the return is proportionately greater.
Most financial advisers suggest maxing out any tax advantaged retirement plan preferentially before saving in taxed accounts. This means even greater return on your money because it is not taxed during the accumulation phase, but when it is taken out.
Essentially, the more you have to invest plus the longer you have to do it, the more reward you will glean. It’s delaying gratification now for a greater reward later.
Make More Money the Easy Way - To learn more about this author, visit Shirley Mueller's Website.
Like this article? Share it with your friends
Laboring for every dollar you earn is one thing. Getting it by investing wisely is another. There’s almost certainly less labor involved. Many people think smart investing is the most reliable way to get rich.
One excellent way to do this is to start saving early! If you are able to put aside $20,000 by the time you’re 35 years of age, you’ll have $142,000 by the time you are 65 (at a 7% return). But if you wait to invest $20,000 when you are 45, you’ll only have $81,000 when you are 65 (also at a 7% return). Delaying ten years costs you almost half of what you would otherwise have at retirement. The results are even worse, even heartbreaking, if you delay until 55 (see chart below).
Invest $20,000 at Different Ages
(Based on 7% return per year)
Age at Initial Investment Return at age 65
35 $142,000.00
45 $ 81,000.00
55 $ 40,000.00
When the amount of money invested (at any age) is more,
the return is proportionately greater.
Most financial advisers suggest maxing out any tax advantaged retirement plan preferentially before saving in taxed accounts. This means even greater return on your money because it is not taxed during the accumulation phase, but when it is taken out.
Essentially, the more you have to invest plus the longer you have to do it, the more reward you will glean. It’s delaying gratification now for a greater reward later.
Make More Money the Easy Way - To learn more about this author, visit Shirley Mueller's Website.
Like this article? Share it with your friends
| |||
| No article feedback found. | |||
| Leave Your Feedback | |||
|
|||
|
| |||
| This article describes great ways to go about making fast easy money online. |
|||
|
| |||
| The truth is clear that there are a number of easy ways to make money at home but you need to first define your expectations and remember that you are doing it for yourself. This article outines some of the best way... |
|||
|
| |||
| There are ways that you can make money using the Internet with a minimal amount of work on your part. With a solid strategy you may will be able support yourself full time. |
|||
|
| |||
| Anyone can start an Internet business today. As a matter of fact it is very easy to do! Here's how to start an Internet business in four easy steps, and we will also give you some tips on how to make money with it t... |
|||
|
| |||
| Sometimes it’s hard for a potential client to understand how what you have to offer works. Sometimes they think they understand how it works when they really don’t. In either case their understanding may lead to o... |
|||
| |||
Bernard ReberBack in late 1992, MS Access hit the streets. About that time the company I managed needed new software to handle their growing client base and I decided to try this new product. I had little difficulty writing and adapting a database to suit us and discovered a hidden talent for programming. A business was born. With business studies and 25 years of management experience in three different countries under my belt, I could offer a unique combination of skills and my customers agreed. From these humble beginnings my software 'invoiceit' emerged in 1999 and has since been taken to 49 states (hello Wyoming, won't you join us?), all across Canada and more than 70 other countries. From the very beginning the program included cashbook accounting, the simplest form of keeping financial business records. The Dictionary.com defines 'cashbook' as "A 'book' in which to record money received and paid out". For 'book' substitute 'simple software' and that's what I'm about. Now I have published Simple Accounting, an inexpensive spreadsheet solution which even you can master. For just $14.95 it costs less than a takeout meal! More at http://www.scrambled-card.com/simple_accounting_main.htm - Visit Bernard Reber's Website |
|||
Kim CastleWith nearly two decades in the advertising and design business, with clients like Domino's Pizza, General Motors, Direct TV, Pedigree, Wolfgang Puck, Higher Octave Music, Hollywood Celebrity Products, Disney, and Paramount, as well as thousands of entrepreneurs around the world define, structure, communicate, and position their business for greater profits, BrandU(R) co-creators Kim Castle and W. Vito Montone discovered that entrepreneurs could experience the same power that big brands command for a fraction of the cost with the world's only process-based results-drive Integral approach to business creation. BrandU(R) is helping entrepreneurs grow with the power of extreme clarity from idea...to brand...to market(TM) and helping one million entrepreneurs become successful and whole so that they can make a difference in the world. Are you one of them? If you want to experience clarity all the way to the bank(TM), get started now at http://www.brandu.com. - Visit Kim Castle's Website |
|||
George LudwigGeorge Ludwig is a recognized authority on sales strategy and peak performance psychology. An international speaker, trainer, and corporate consultant, he helps clients like Johnson & Johnson, Abbott Laboratories, Northwestern Mutual, CIGNA, and numerous others improve sales force effectiveness and performance. Though it's George's strategies and processes that help corporations increase productivity and performance, it's his tremendous energy and dynamism that spark the transformation. Again and again, clients remark on his amazing ability to unleash human capacity and inspire men and women to break out of their comfort zones. The result is a whole new type of salesperson. His customized presentations teach achievers to make stunning advances in their lives. From helping salespeople realize cherished dreams to helping corporations exponentially accelerate revenue streams, George Ludwig leaves audiences and individuals empowered, emboldened, and clamoring for more. George is the best-selling author of Power Selling: Seven Strategies for Cracking the Sales Code and Wise Moves: 60 Quick Tips to Improve Your Position in Life & Business. - Visit George Ludwig's Website |
|||
|
To learn more about the Evan Elite Author Program please contact us. | |||
![]() | |
![]() Shirley Mueller (Visit Shirley's Website) Shirley M Mueller turned every doctor's fear - inability to invest his or her hard earned money wisely - into her greatest passion. While practicing medicine, she handled seven family investment accounts. When she retired from medicine in 1995, she worked for seven years in the investment industry. Now, she writes regularly for Physician's Financial News, a money management internet publication directed at doctors. Dr. Mueller also educates, both one on one and publicly, about how to effectively self-invest using a simple and effective three-step approach. Recently she gave lectures regarding this topic at Indiana/Purdue University. Mueller specializes in client-managed investment portfolios for which she provides unbiased information. She is not associated with a firm for whom she has to promote a party line. Her fee is hourly, not a percentage of assets.
| |
![]() |
|
|
![]() |
| Shirley Mueller Video - Shirley Mueller speaks on Gender & Money - Why Should Women Take An Active Role? Are they up to the task? |
|
|
|
![]() |
| Modeling the Masters: Learn the true secrets behind Walt Disney's business success factors & grow your company! Video produced by Phanta Media |
|
|
![]() |
| Have you written articles that would be of value to entrepreneurs? Become an expert on our site by publishing them! Expose yourself to a wide audience, drive more traffic to your website and get more sales! Click Here for details. |
|
|
![]() | ||
|
| ||
|
|
|
Get advice & tips from famous business owners, new articles by entrepreneur experts, my latest website updates, & special sneak peaks at what's to come!
|
![]() |
|
|
![]() | ||
|
Top 50 Blogs For Startups
Top Blogs To Watch In 2008 | ||
|
Top Social Business Blogs
Top Social Entrepreneur Blogs | ||
![]() | ||
|
|
|
|
|
||||||||||||||||||||||||
|
|
||||||||||||



















