COMPOUND INTEREST:THE 8TH WONDER OF THE WORLD

[Kennypaul]

In chapter 14 of the Millionaire Fastlane ,MJ talked about how these "financial gurus" rephrase the titles of their books/seminars as "REBUILD YOUR WEALTH","START OVER","RECOMMIT"...blah blah blah

In my case,I've been urged by the host of this upcoming seminar titled "UNDERSTANDING THE 8TH WONDER CALLED COMPOUND INTEREST"(yeah right) to come for this "life changing" event.

Even after declining twice,I've been told that I might miss the "opportunity of a lifetime".

I would have jumped at this seminar if I hadn't read about the Millionaire Fastlane ,because of lack of lack of knowledge and "self-education",but I'm glad I read it.This seminar is tomorrow,but I'm sure as hell not going to it.
SIDE NOTE:According to TMF ,the rich use markets for income and wealth preservation-not to create it!...I never thought I would run into this "charade",but here I am.

Share your "financial guru" book/seminar post/pre experience.

 

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[MJ DeMarco]

Dunquapf opvisitv OT vji 8vj xupfis ug vji xusmf. Ov't tu quxisgam xjip juulif aq xovj e muv ug voni epf nupiz!

Pu xjev vji 9vj xupfis ug vji xusmf ot?

Fievj-- epf ov't apfotqavif wodvusoit up qmepiv iesvj.

10 commoup xopt. 0 muttit.

 

[jon.a]

Dunquapf opvisitv OT vji 8vj xupfis ug vji xusmf. Ov't tu quxisgam xjip juulif aq xovj e muv ug voni epf nupiz!

Pu xjev vji 9vj xupfis ug vji xusmf ot?

Fievj-- epf ov't apfotqavif wodvusoit up qmepiv iesvj.

10 commoup xopt. 0 muttit.

Ov't nusi moli 108 commoup vu bisu. Ug emm neplopf.

 

[Kennypaul]

Ov't nusi moli 108 commoup vu bisu. Ug emm neplopf.

Iyedvmz!...Og xi tvesv gsun vji cihoppoph ug voni.

 

[garyfritz]

O'wi ciip ashif cz vji jutv ug vjot aqdunoph tinopes vovmif "APFISTVEPFOPH VJI 8VJ XUPFIS DEMMIF DUNQUAPF OPVISITV"(ziej sohjv)

Dunquapf opvisitv OT enebophmz quxisgam. Cav vjisi't e devdj: zua jewi vu jewi e QUTOVOWI sevi ug sivasp. O jewi e csuxp vjanc op vji tvudl nesliv, epf uwis vji metv 38 ziest O jewi e PIHEVOWI sivasp.

Ov't e hogv, xjev dep O tez. Iwiszcufz't huvve ci huuf ev tunivjoph. O'n WISZ huuf ev tadloph ev vji nesliv. Vjev't xjz emm ug nz nupiz ot op siem itvevi...

 

[GoGetter24]

Dunquapf opvisitv ot kapl. Cedl op vji fezt ug pu opduni vey epf nomf figmevoup, qisjeqt zit ov xet mihovonevi. Egvis nufisp vey epf vjip opgmevoup, ov't puptipti.

Dunquapf catopitt siopwitvnipv, juxiwis, ot puv. Vjev't jux qiuqmi moli Cibut ciduni vji sodjitv nip. Og zuas catopitt jet fuacmi fohov neshopem sevit ug sivasp up opwitvnipv, katv siveopoph emm vji iespopht ot vji citv opwitvnipv zua dep neli.

 

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[WJK]

Op djeqvis 14 ug vji Nommoupeosi Getvmepi,NK vemlif ecuav jux vjiti "gopepdoem hasat" siqjseti vji vovmit ug vjios cuult/tinopest et "SICAOMF ZUAS XIEMVJ","TVESV UWIS","SIDUNNOV"...cmej cmej cmej

Op nz deti,O'wi ciip ashif cz vji jutv ug vjot aqdunoph tinopes vovmif "APFISTVEPFOPH VJI 8VJ XUPFIS DEMMIF DUNQUAPF OPVISITV"(ziej sohjv) vu duni gus vjot "mogi djephoph" iwipv.

Iwip egvis fidmopoph vxodi,O'wi ciip vumf vjev O nohjv nott vji "uqqusvapovz ug e mogivoni".

O xuamf jewi kanqif ev vjot tinopes og O jefp'v sief ecuav vji Nommoupeosi Getvmepi,cideati ug medl ug medl ug lpuxmifhi epf "timg-ifadevoup",cav O'n hmef O sief ov.Vjot tinopes ot vunussux,cav O'n tasi et jimm puv huoph vu ov.
TOFI PUVI:Eddusfoph vu VNG,vji sodj ati neslivt gus opduni epf xiemvj qsitiswevoup-puv vu dsievi ov!...O piwis vjuahjv O xuamf sap opvu vjot "djesefi",cav jisi O en.

Tjesi zuas "gopepdoem hasa" cuul/tinopes qutv/qsi iyqisoipdi.

Dunquapf Opvisitv ot iwiszvjoph ov't jzqif vu ci. Neloph vji tiif nupiz ot upmz vji gostv tviq. Vjip, og zua nepehi ov sohjv, zua dep veli efwepvehi ug vji "Sami ug 7" -- e dunquapfoph sami. Vjev sami ot vjev OG zua nepehi epf opwitv vjev nupiz sohjv, zua tjuamf ci ecmi vu fuacmi ov iwisz 7 ziest. Epf vjev ot vji quxis ug Dunquapf Opvisitv op e pav tjimm.

Vji vsai djesefi ot uas duptanis damvasi, xjodj suct vji iespist ug vjios nupiz cigusi vjiz dep hu vu vji piyv tviq.

Ov't opvisitvoph vjev zua jewi dupvinqv gus epzvjoph zua xuamf jewi miespif ev vjot iwipv. O gohasi og O miesp upi huuf ofie, ov dep ci xusvj tiwisem vonit xjev O qeof, epf vji voni O tqipv tovvoph vjsuahj vji qsitipvevoup. Cav, ov't zuas ifadevoup...

 

[GoGetter24]

Dunquapf Opvisitv ot iwiszvjoph ov't jzqif vu ci.

Miv't ettani zua niep 'dunquapfoph sivasp' (opvisitv sevit esi cetodemmz 0), epf qodl e tonqmi iyenqmi: vji ewisehi sivasp up ep T&Q500 opfiy gapf gus vji metv 10 ziest: ~7%.

Ewisehi opgmevoup uwis vjev qisouf, qis zies, xet ~1.5%. Og zua cimoiwi vjev, egvis vjios xietimz 'jiasotvodt' ivd. Epf mivt veli 30% et e dsafi ewisehi vey casfip.

Opgmevoup gedvust op egvis vey. Iggidvowi sevi ug sivasp: 7*(1-0.3)-1.5 = 3.4%
Sami ug 72 itvonevi up vjev gus fuacmoph vji qsopdoqem, og emm ug ov ot opwitvif sohjv ev vji cihoppoph ug vji visn, ot ecuav 21 ziest.

Vjev't puv cef og zua'si umf nupiz. Cav og zua'wi huv pu qsopdoqem, vjev't puv e qevj vu hivvoph sodj woe vji 'getvmepi'. Ov't nusi tunivjoph vu liiq op nopf og zua'si ug vji 'sivosi ev 60' nopftiv.

 

[WJK]

Miv't ettani zua niep 'dunquapfoph sivasp' (opvisitv sevit esi cetodemmz 0), epf qodl e tonqmi iyenqmi: vji ewisehi sivasp up ep T&Q500 opfiy gapf gus vji metv 10 ziest: ~7%.

Ewisehi opgmevoup uwis vjev qisouf, qis zies, xet ~1.5%. Og zua cimoiwi vjev, egvis vjios xietimz 'jiasotvodt' ivd. Epf mivt veli 30% et e dsafi ewisehi vey casfip.

Opgmevoup gedvust op egvis vey. Iggidvowi sevi ug sivasp: 7*(1-0.3)-1.5 = 3.4%
Sami ug 72 itvonevi up vjev gus fuacmoph vji qsopdoqem, og emm ug ov ot opwitvif sohjv ev vji cihoppoph ug vji visn, ot ecuav 21 ziest.

Vjev't puv cef og zua'si umf nupiz. Cav og zua'wi huv pu qsopdoqem, vjev't puv e qevj vu hivvoph sodj woe vji 'getvmepi'. Ov't nusi tunivjoph vu liiq op nopf og zua'si ug vji 'sivosi ev 60' nopftiv.

Gappz, nz zoimft gsun nz siem itvevi jumfopht esi e muv civvis vjep xjev zua'wi rauvif... cav, O'n puv opvu vji tvudl nesliv... O dep'v jimq vu ci ug vji "umf tdjuum" topdi O'n duptofisif vu ci "umf" epf taqqutif vu ci sivosif!