Page 83 - Charles Calhoun Book Rich As You Want To Be
P. 83
12 Percent Return
Investments that might return 12% would include
equity investments such as stocks, mutual funds and other
ownership investments. Your account would double faster
and more times because the value would double every six
years.
Twelve divided into seventy-two goes six times. Your
investment would double in six years. Which would mean
that that $10,000 would double six times in thirty-six years.
It would double as follows.
$10,000->$20,000->$40,000->$80,000->$160,000-
>$320,000->$640,000
Starting amount $10,000
1 double $ 20,000
2 doubles $ 40,000
3 doubles $ 80,000
4 doubles $ 160,000
5 doubles $ 320,000
6 doubles $ 640,000
That $640,000 would pay an income of $51,200 or about
$4,267 per month. This is a nice sum. That is a lot more than
the $266 per month. And that $640,000 would have grown
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