This is a continuation of “Who cares about investing?”
That was it, I was hooked! I had been looking for a bank account or GIC that would give me a higher interest rate than the banks were offering at the time, but when I looked online the highest I could find was just over 5%, and that was only if my money was tied up for at least 5 years. I knew that there were better rates out there, but I didn’t know what do look for, or how to find them.
I knew that 5% was not going to give me any significant return over the long term.
Did you know that there are reliable investments that have given reliable 14-15% yearly average return over 20 years? I will tell you exactly where to find them.
That’s why this idea of compounding interest was so exciting to me.
What if I’m already 47 you ask, or 60? The good thing is that it’s never too late to take control of your future. I want to make it easy for you to learn and share with others how they can change the course of their lives, with just a little knowledge.
I am including a list of other recommended books for further reading, It’s always good to get many different peoples perspective, and then decide on your own how you think you should handle your money, after all…it is your money.
Sometimes when I talk with people about this, they may already know a little bit about the subject, but they have very negative attitudes towards improving their lives. They think it’s too late for them, they’re afraid of making mistakes, they decide it isn’t possible before they even try. Maybe they’ve already tried and failed for one reason or another and are now afraid to try again. If you let these things this affect you then you will never achieve your goals.
You don’t have to have a lot of money to be an investor, even if you only have a few dollars a week to invest, that is always better than nothing. Over time you will be amazed at what it can grow into.
Emotional freedom more important than the money itself. It can be so easy to become wealthy, all you have to do is make wise decisions and live below your means.