Katherine W
|
The Rule of 72 means that money doubles at the rate of interest divided into 72. So, if you invest $50,000 at 12%, 12 x 6 = 72 means that in six years, you'll have $100,000. Therefore, if you want $1 million from $50,000, at 12% you would have to wait more than 24 years. But, you can do 12% without spending much time on it if you invest correctly.
If you want to do it faster, you could probably do it in real estate, but you'd have to put a lot of time and attention into it, and it might be riskier. For example, if you use your $50,000 to buy some rental units with 10% down, you'd have leveraged $500,000 in real estate. Then you could rent them out for cash, or flip them and buy more property with the profits.
Personally, I'd choose stocks and wait. Don't be greedy. But that's me. |
VP
|
Believe mi it is not so difficult.
Make 10% income monthly and compound it and less than in three years you'll have your first million.
Actually I think you could make more than 10% monthly if you would trade forex or shares. So why you don’t start your own forex or shares trading. I could introduce you to one brokerage company in Austria that allows to trade from same account currency (forex), commodities, metals and cfd on shares. Total 500 instruments available, spread from 1 pip. I could provide you for free with trading techniques that I successfully use for several years if you open trading account under my referral.
Currency (forex) trading is very attractive because it is very profitable business and you could trade from any place in the world and at any time from Sunday night to Friday night. So you could create very high income.
If you are interesting and/or have any question please do not hesitate and apply to me via pm or e-mail (press on my name)
Good luck! |
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