Page 88 - Charles Calhoun Book Rich As You Want To Be

using any financial calculator or financial calculator App on
your smart phone.
The Story of the Lady from the IRS
This is a great story. It seems that this person, when
she died, left an estate in the order of $23 or $24 million

despite the fact that she never earned a lot of money by way
of income. Well, it seems that as an auditor for the IRS, she
observed that those people who owned stocks (the so-called
riskiest investments) often had large amounts of wealth. She
also observed that those people who had a great deal of

money owned stocks. She became a stock investor and
invested with Merrill Lynch, and over her lifetime, she
became a very successful stock investor. She was so
successful that when she died, she left an estate valued at

about $24 million. I believe she had a rate of return of about
24 percent, thus demonstrating what the average person can
do. It’s a remarkable story. And one final point: when she
died, she was collecting $1 million dollars a year just in
dividends from her stock investments. That is about $20,000
per week. That is fantastic! Just goes to show you what you

or any other person can do.

What $ 10,000 becomes after 36 years:

Annual Total after 36 years Income from that
Rate of amount at 5%
Return payout

4% $ 42,106 $ 2,105 / year

8% $ 176,448 $ 8,822 / year
12% $ 735,925 $ 36,796 / year
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