Everyone asks the question but very few people are prepared to do what it takes to make it all happen, Wealth does not come to you by itself, you have to actually do something to attract it. Maybe you could invest in the Lotto and make millions – ha ha – just joking.
At Premium Finance we talk a lot about the power of compounding, the art of earning interest on top of interest. It was once stated by Albert Einstein, that “Compounding interest was the eighth wonder of the world”.
That said, how does it really work? Here is a challenge. Imagine taking $20 per week and having that $20 compound on itself. Keep contributing for 40 years and what would you have at the end.
Well, you will have contributed $41,200 over the 40 years, but your investment would now be worth in excess of $555,000 not a bad return eh? That’s what compounding is. Now Premium Finance takes that same concept and helps you to leverage yourself into high value assets to start with and the compounding doesn’t start at zero, it starts from the value of the asset.
Let’s say you leveraged into a $100,000 asset from the start and that asset compounded by the same amount as your $20. Over the same 40 years your asset value will have increased to an incredible $4.5 Million. Now that is what I call compounding.
The all important rule: Leverage.
You won’t get rich with your own money but you will when you use other peoples money. Ever heard the saying “Getting rich with other people’s money”, yeah. you get it from a bank. Premium Finance is happy to show you how it is done and you don’t need to be wealthy to get started.
All the Best
Paul
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