Page 82 - Charles Calhoun Book Rich As You Want To Be

your $10,000 would double twice.

It would go

$10,000 -> $20,000 -> $40,000

Your $40,000 would provide $3,200 per year at 8 percent or
about $266 per month. Very interesting. In this case, the
money would be all gone in 17.4 years.

8 Percent
At 8 percent, eight divided into seventy-two goes nine
times. Your investment would double in nine years. It would
double four times in thirty-six years. The 8 percent is a

return you might get from bonds or mutual funds. The lower
2 percent and 4 percent might be obtained though bank
accounts and insurance policies. At 8 percent, it would
double four times and it would double as follows.

$10,000-> $20,000-> $40,000 -> $80,000 -> $160,000

That $160,000 would pay you about $12,800 per year
or about $1,000 per month. That figure seems similar to what

a person might receive from social security. Of course, with
social security, you put in way more than $10,000. Which
illustrates that social security is an expensive “investment.”
But $1,000 per month is a nice amount of money. We would
all enjoy receiving $1,000 per month. Of course, in AD 2047,
it won’t be worth then what it is today. It will not buy in 2047

what it would buy today.
If your investments earn 8 percent and you withdraw
8 percent, the account will never run out of money.

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