Page 6 - Charles Calhoun Book Rich As You Want To Be

Debt is one reason why more people don’t

prosper with money. I’ve read the average

American pays $ 600,000 in interest payments
over their lifetime. Interest paid is the cost of

having debt. That is a TON of money and leaves far

less to save and invest. Maybe that is why the
median savings near retirement age (55 – 65) is

only $ 3,000. And 25% of those people have $0.

Debt and interest payments are to be avoided so
YOU can win with money. Why not use that

$ 600,000 to save, invest and build wealth? If

instead you were to invest that $600,000 over 40
years what would that become? That would be

$1,250 per month and at the end of 40 years your

account would be worth $14.8 million dollars or
thereabouts.

High school students and other young

people have lots of advantages. Your future is in
front of you. And your future has lots of years with

which you can be productive. Those years are very

valuable as time is one of the ingredients necessary
to build wealth in most cases.

You may also have much of your education in

front of you and can chose to make the most of that
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