Page 84 - Charles Calhoun Book Rich As You Want To Be

from just $10,000 with no additional contributions, which is
amazing!
In this case, the account would grow in value despite
withdrawals because 12 percent is greater than the 8 percent
that is being withdrawn. In fact, twenty years later it would

be worth $2,707,870, despite taking out $4,267 per
month! Wow, that is very cool!
And what you need to understand is that this is the
result of the same amount of money invested for the same
amount of time. It doubles faster and more times. It would

result in a bigger total and therefore a larger income. It’s just
a better situation all around. Wouldn’t you agree?

18 Percent Return

The next percent we’ll look at is 18 percent. Can you
actually do that? You would have to be a pretty successful
investor to do that. Most people don’t do that well. But it can
be done. I’ve done it myself.

Well, eighteen divided into seventy-two goes four
times. Therefore, your money would double every four years.
That means that in thirty-six years, it would double nine
times. At 18% return the $10,000 would double nine
times in thirty-six years.

Nine doubles!

$10,000->$20,000->$40,000->$80,000->$160,000-
>$320,000-> $640,000

It would continue for three more doubles.

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