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Is it the same old story as the rich get richer? In the past five years rich clients banked an average annual return of 12 percent which allows them to double their money every six years. Perhaps you believe rich folk have an advantage because of their access to the global private asset management world of hedge funds.
Get real! The truth is that if you had invested in an index fund mirroring the performance of the S&P 500 you would have earned an average return of 11 percent during the same period.
The problem most Americans have is finding the money to invest. In the book , "Nickel and Dime Your Way to Wealth" a parking attendant who worked at a bank watched how the wealthy got rich and followed suit.
Listen to an excerpt. "Nickel and Dime Your Way To Wealth."
What can you do to find the money to invest and build wealth?
www.deborahowens.com
Comments: (29)
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By: Natalia on 4/18/2008 12:51PM
Every Household should start a business. We cannot rely on Corporations. I was laid off of my job also. I created my own business. It's the way to go.
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By: Angel Home Based Business on 4/18/2008 2:00PM
I believe that you may find this opportunity as QUITE AWESOME ....
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By: ED on 4/18/2008 8:15PM
The ordinary person cannot accumulate wealth (or savings for that matter) under the current tax system. Our tax system discourages achievement and ambition and it will stay that way as long as people expect the government to do everything for them. The way I see it, every dollar I hide from the government, stays with me where it belongs.
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By: Purple Rain on 4/19/2008 1:36AM
Many poor people have never been taught how to invest and save for theirs or their children's future. Most are content living off of the system because believe it or not they're afraid of success. Scared to leave the hood because of what others may say. But they can spend their tax refund on designer clothes, rims, jewlery..It's slave cycle and the don't want to move ahead..Til they find the righteous one..Computer blue
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By: Cheryl Folston on 4/19/2008 7:56AM
Actually poor people dont know how to invest. We dont know anything about stocks or finanacing for that matter. I notice that white schools teach their children about stocks which is what the wealthy seem to be getting wealthier with. I have tried to learn by books and online, but even "Stocks for Dummies" is confusing. Seems there is a step missing. Perhaps the FIRST one?
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By: Chanel on 4/19/2008 12:29PM
The key is to start your own business, and I did exactly that. I was laid off as well.
http://executees.net
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By: Paul Dockery on 4/19/2008 1:12PM
The Best Home Based business to earn $1000-$5000 per month today. Absolutely the best compensation plan for the average person.
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By: Paul Dockery on 4/19/2008 1:30PM
Dr Miller's Holy Tea Club. http://www.holyteaclub.com/dockery
Best MLM to earn $1000-$5000 per month today.
Best Compensation plan for the average networker.
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By: Paul Dockery on 4/19/2008 1:42PM
Pay yourself first is the key to accumulating wealth.
Treat investing like paying a bill monthly. Invest in growth mutual funds to get high compounded rates. Learn the rule of 72(money compounds at the interest rate you get divided in to 72. For example if you get
12% on an investment your money doubles in 6years. 18%
doubles in 4 year 72/18+ 4. Invest without failure every month.
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By: Kuawna Buwana on 4/19/2008 2:48PM
ware my footy acra and mule
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