D3pom
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William, 5 dollars a day got a lot of power if you see it as your monthly buying power. 5.00 x 30 days = 150.00 a month.
Let's use the following link as a reference, scroll down and look for the loan chart which shows as an example, the amount of a personal loan and monthly payment:
http://abacusmortgageloans.com/program.htm?AID=10414076&PID=3133945
Each 63.00 let you pay for 5,000. loan, so your 150. can pay for 11,900. let's round it up to 12,000.
You can get mutual funds paying around 15% to 20%, let's choose 15% minus 9% interest rate you're paying, you end up with 6% gain x 12,000 = 720. year 1. Total capital and earnings = 12,720. if you choose to reinvest your earnings, year 2 = 763.20 += 13,483.20
3 = 808.99 += 14,292.19
4 = 857.53 += 15,149.72
5 = 908.98 += 16,058.70
6 = 963.52 += 17,022.22
7 = 1,021.33 += 18,043.55
8 = 1,082.61 += 19,126.16
9 = 1,147.57 += 20,273.73
10 = 1,216.42 += 21,490.15
That's the total you accumulate in 10 years all for you to keep because the loan is paid in 10 years.
William, there are more investment choices with higher returns that I can provide to you through the following link (Think on your own investment network/investment club)
http://gymaflynt.com/cart/index.php?main_page=contact_us |
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