Note Investing Tailored to Fit Your Needs
Make Your Money Work Hard
Earning money, paying the bills and saving for the future is a full-time job for most of us. After we accumulate savings, we are challenged on how to invest it to maximize its earnings while avoiding losses caused by high-risk investments. A key principle of successful investing is protecting what you have and having it work hard for you. A hard working investment account can double in value several times during a full working career, if properly invested.
The most powerful force in the universe is compound interest-~ Albert Einstein
Definition of Compound Interest
Compound interest can be thought of as the earning of “interest on interest.” Initially, the Interest is calculated on the original principal balance; that earned interest is added to the original principal, and the interest for the next period of time is calculated to the total of the original principal plus the interest earned. The process of adding interest to interest and charging interest on the accumulated balance is called “compound interest”. The rate at which compound interest grows depends on the frequency of compounding; the more compounding periods, the greater the growth rate of the investment account. It is a powerful investing tool.
Tax-Free or Tax-Deferred Accounts
Tax-free or tax-deferred long-term investing is the foundation of successful investing. Using a tax-sheltered or a tax-free account allows your interest income to compound (grow) monthly, or annually, without having income taxes deducted from it. A self-directed IRA account is an excellent tool to assist the growth of your retirement savings investment account–your retirement nest egg. Building wealth and saving for retirement is a long-term process; it is not an “event” it is a continuous process; the sooner you start, the more time your investment account can compound and grow.
Promissory Notes and Mortgage Notes Provide Above…
Read More…. by Lawrence Tepper
The post How to Double Your Money Safely – Slow and Steady Wins appeared first on Note Investing Seminars.
How to Double Your Money Safely – Slow and Steady Wins published first on http://www.noteseminars.com/
How to Double Your Money Safely – Slow and Steady Wins published first on http://www.noteseminars.com/
No comments:
Post a Comment