Page 94 - Charles Calhoun Book Rich As You Want To Be
P. 94

your  future  success.  And  you  may  want  to  read

             this section several times. The numbers that I give

             are real numbers. They are not make-believe. This
             is not Fantasy Island. These are things that can

             and  do  happen.  Most  importantly,  you  can  do

             these things.
                    Let’s say that a person puts away $10,000

             and  they  are  fortunate  and  earn  a  return  of  18

             percent and they leave that money there for thirty-
             six years. Now everybody wants to do that, right?

             Put away $10,000 and not touch it for thirty-six

             years. Well, there is a huge payoff. That $10,000
             would grow to over $6 million. That would produce

             an income of $497,000 per year or about $41,000

             per  month.  That  is  remarkable.  And  that  comes
             from an investment of just $10,000 that was just

             left  alone  there  to  percolate  and  grow  over  that
             period of time. That is pretty remarkable. And that

             $41,000-per-month  income  would  be  about

             $28,000 after taxes if you had to pay taxes on it.
             And  we’ll  show  you  a  way  later  with  which  you

             won’t have to pay taxes on any of that income.

                    If  instead  a  person  invested  $10,000  in  a
             plan that was not a tax-protected plan and got the

             same 18 percent return but had to pay taxes of 35
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