By Michael Masterson
Masterson, a self-made millionaire, attracts upon his personal reports and that of specialists in particular fields (retirement, making an investment, genuine property) to provide a whole application on reaching monetary independence. equipped round 5 key rules, the writer indicates readers the best way to bring up their source of revenue and proceed to save lots of for the longer term; find out how to reside extra conveniently; find out how to achieve fairness in a company that may supply an source of revenue circulate for the long run; tips to purchase actual property and the way to take a position the remainder of your cash. The e-book will provide particular steps together with tips on how to improve wealth-building behavior, locate the perfect company to take a position in and the way to improve a 3 to 15 yr plan to arrive millionaire prestige.
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Additional resources for Automatic Wealth: The Six Steps to Financial Independence
The bad part of my life—working—was crowding everything out. I wanted to slow down and stop, but when I ran the numbers, I realized I couldn’t. I needed to pay for the ongoing bills of a growing family and wanted, too, to save enough for the future. I was stuck between a rock and a hard place. But then the thought occurred to me: What if I learned to love my work? What if I actually enjoyed the 10 or 12 hours I was spending every day earning money? Wouldn’t that be nice? (continues) 31 32 AUTOMATIC WEALTH I knew I had the capacity to enjoy work.
My Personal Growth and Development Goals for the Year • • • • Become a competent judge of good wine. Read 12 new books about science. Add 50 new stamps to my stamp collection. Learn to play something on the guitar. A little later in this chapter, I’ll show you how to break down your yearly goals into monthly, weekly, and daily objectives. ) Plus, I’ll share with you some techniques I’ve developed that will give you an 80 percent or better chance of actually accomplishing the goals you set for yourself.
Let’s use the example of someone who makes $50,000 a year. If that’s your annual salary and you took 10 percent out of each paycheck before the government got its bite, by the end of the year you’d have put aside $5,000. Now . . [if you put that] in a retirement account that earned an annual return of 10 percent, what would you have? The answer is that you would have more than 1 million dollars. Actually, a lot more. The exact figure is $1,678,293. There is nothing inaccurate about Bach’s calculation.