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When will you become a millionaire?: Double your money every 7-9 years

When will you become a millionaire?: Double your money every 7-9 years

          
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About the Book

>Double your money every 7-9 years over time. >Grow your wealth with NO taxes or >commissions. >Use 10 low-cost mutual funds earning over 10%. >Use an IRS-approved tax haven to protect gains. "My wealth has come from a combination of living in America, some lucky genes, and compound interest." Warren Buffett The wealthy become wealthy by buying assets that grow quickly. As Buffett says, they compound. Compounding is money earning money on its earnings every period. Study the chart below. The wealthy stay wealthy by paying lower fees, charges, commissions and taxes. Their fee schedules are 0.01-0.05% not 1.5-3%. They buy only what they need so their costs-sales commissions-are less. They don't use middle(wo)men because they know financial advisors only use their firms' high-cost products. Warren Buffett, billionaire investor, pays only 17% total tax: http: //www.youtube.com/watch?v=Cu5B-2LoC4s. Mitt Romney only 14%, John Kerry only 13% and Apple just 9.8%. We need to follow Benjamin Graham's advice and buy financial products like we buy "groceries, ... not perfume." We can do that when we have less-biased information to find the best alternatives for us. Salespeople sell the best products for their firms; not for us. Our investment edge is the miracle of compounding:
About the Author: Law Steeple has been in financial services for over 20 years. He was a managing executive of the sales units of a number of bank securities firms. He is one of the insiders who contributed to the The Insiders Guides set of buyers' guides edited by Dan Keppel. The guides provide specific ways to save on all financial services. The Insiders' Guides to Buying Discount Financial Services: Buy Direct and Save $3,000 Every Year is available at Amazon, Barnes and Noble, Abebooks. Law lives in New Jersey and Florida.


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Product Details
  • ISBN-13: 9781490373249
  • Publisher: Createspace Independent Publishing Platform
  • Publisher Imprint: Createspace Independent Publishing Platform
  • Height: 229 mm
  • No of Pages: 68
  • Series Title: English
  • Sub Title: Double your money every 7-9 years
  • Width: 152 mm
  • ISBN-10: 1490373241
  • Publisher Date: 13 Jun 2013
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Spine Width: 4 mm
  • Weight: 104 gr


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