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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