Page 59 - Charles Calhoun Book Rich As You Want To Be
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regular, affordable contributions invested in equity
mutual funds over decades of time can grow into
millions. And that is enough to be rich and have a
rich life. It is very doable, and we are about to show
you how. If you are young that is a great advantage
and means you have lots of time. Time is one of the
key ingredients needed to grow your investments
and wealth. If you are older you may still have lots
of time. You probably have 30 or more years and
can still do big things.
If you don’t put money away for your future,
who do you expect will do that for you? Remember
that things will happen. There will be future
expenses, even some unexpected ones. Christmas
will come this December, again.
Everyone would like to be a millionaire. But
when they think of saving ten million dollars or
even one million dollars, most think, “That isn’t
possible.” Or, “I could never do that. So why try?”
In this chapter, we will show you how to do exactly
that. Pretty much anyone who works can save
$100 per month. $100 per month for 40 years (lets
say ages 22 to 62) invested in mutual funds
averaging 12% annual return would grow to be
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