How would you feel if you woke up tomorrow morning to find a special tree growing in your backyard—a tree that had hundred dollar bills hanging from its branches?
Yes, I’m talking about a tree that grows money.
Stay with me. I have a point.
What if I told you that I could give you the seeds to grow even more of those money trees right in your backyard? Did I mention that those trees would never stop growing, even in the dead of winter or the heat of summer?
You’d probably start digging, right?
Compound Interest is Not a Fantasy
If you attended my recent educational seminar on simple investing principles, you know that investing for retirement isn’t getting any easier. And money still doesn’t grow on trees.
So what’s my point?
There IS a way to create metaphorical “money trees” that guarantee you a comfortable retirement.
And it’s all because of the magical power of compound interest.
What is Compound Interest?
The power of compound interest is the ability to earn interest on your investment AND earn interest on that interest and so on and so on, for decades and decades. It’s the multiplying power of growth times growth.
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Here’s a real-life example:
Another really smart guy, Benjamin Franklin, left a $1,000 investment to Philadelphia and Boston when he died. One hundred years later, in 1890, those cities were able to take out $500,000 for a public purpose. One hundred years after that, they could take out the entire amount of the investment.
Guess how much it had grown to in 1990?
Yes, two hundred years is a lot of time. But you get the point!
You have a shorter timeframe during which to invest, but you can use this same power of compound interest to your advantage.
There’s No Excuse for Putting off Investing
Compound investing can do magical things for your retirement—but you wouldn’t believe how many people ignore it.
“But David, I have a big family, and I’m constantly bleeding cash. I can’t afford to start investing now.”
“But David, my job doesn’t offer a 401(k), and I haven’t had time to set up an IRA.
“But David, I’ll be fine. I’ll start investing eventually. You don’t have to worry about me.”
There are myriad excuses for putting off investing. I’ve heard them all. And they ALL stink.
Compound interest might as well be magic! To make it work for you, all you have to do is start investing NOW.
Dozens of studies show that people who start investing in their 20s generate exponentially more retirement savings than people who start investing in their 30s, 40s, or 50s.
The good news is that you don’t have to start with large amounts. Even a couple hundred dollars a month will compound and compound over time.
Is there ANYTHING in your current budget you can put toward an investment?
How Tall Will Your ‘Money Tree’ Grow?
I’ve had so many clients kick themselves for not investing sooner, and I want to prevent you from that awful feeling of regret by making it as simple as possible for you to start investing today.
How do you know where to invest your money? Great question!
For more than a decade, I’ve helped my clients in Middletown, NJ; Red Bank, NJ; and across the US save their retirement by investing in carefully selected stocks of great companies that provide real, measurable value.
My investing method is completely transparent. And I’m here to help you every step of the way. So schedule a complimentary financial check-up with me today. In just 15 minutes, you can hold the seed that will grow your very own metaphorical “money tree” that you can use to save your retirement.