Product Description
by Law Steeple Mba (Author)
Invest just 10% of your income. Spend $1,000,000 with no income tax. Use low-cost mutual funds earning 10-12%. The average income tax refund is about $3,000-10% of wages of $30,000. We can accumulate $1,000,000 from $3,000 a year because of compounding. Compounding is money earning money on its earnings when it is reinvested. KahnAcademy.org Invest your money in businesses sharing profits with you and over time you can reach $1,000,000. A special IRS-approved account makes our $1 million tax-FREE. Tax-FREE is like an extra $300,000 from Uncle Sam. Compounding is how the best investor of our age makes money. Warren Buffett started with $6,000 saved from his paper routes and in 60 years, accumulated $60 billions. "My wealth has come from a combination of living in America, some lucky genes, and compound interest." Compounding high earnings over time is the lesson we should have learned in grade school. Mr Buffett did not say wealth is about picking the next Apple stock or 'leveraging derivatives'. In fact, he lives in Omaha not Wall Street. We can use compounding too.
Author Biography
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.
