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| God has given us, it is actually our responsibility to aim at increasing what we have Christian Loub; http://redbottomshoes4u.org/ | |
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| Tweet Topic Started: Sep 12 2012, 02:07 AM (101 Views) | |
| redbottomshoes4u | Sep 12 2012, 02:07 AM Post #1 |
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One of the most effective methods it to use the 10/10/80 Plan. 10% of your income to God, 10% for investing and live off the remaining 80% of your income. This may take a little time to adjust to, but when you consider the long terms results that you will achieve once you start investing, you will find that it is extremely worthwhile.You will have all heard the expression that "The second million is always easier than the first" Christian Louboutin. This is absolutely true – the reason being is that it is compounding interest that has the greatest power to create wealth, and the more you have invested that compounding can work on – the quicker your wealth will grow.In mathematical terms 72 divided by Compound Interest Rate of Return = Years for Money to Double in Value.Therefore if you have an investment growing at 10% compound interest, it will double in value in 7.2 years (quadruple in 14.4 years and be worth eight times as much in 21.6 years). If it is growing at 12% it will double in 6 years.John D Rockefeller who was once one of America's richest men said that "Compound Interest is the Eighth Wonder of the World".Einstein once said, "The most powerful concept or principle in the world that I am aware of is that of compound interest".When deciding on the best areas to invest in, it is worth taking into consideration the fact that over 90% of the world's millionaires have made their money through property Christian Louboutin shoes.In Australia over the past 50 years property has averaged 10% p.a. There are many examples in the Bible that show God's desire to bless his faithful followers with wealth:"And the LORD was with Joseph, and he was a prosperous man; and he was in the house of his master the Egyptian. ""Keep therefore the words of this covenant, and do them, that ye may prosper in all that ye do"."And he sought God in the days of Zechariah, who had understanding in the visions of God: and as long as he sought the LORD, God made him to prosper". "And I have also given thee that which thou hast not asked, both riches, and honor: so that there shall not be any among the kings like unto thee all thy days". God loves to bless his children, especially if we in return are happy to bless others. Therefore there is absolutely nothing wrong with setting goals to be good stewards and create wealth to give back to our creator. In fact, as stewards of the resources God has given us, it is actually our responsibility to aim at increasing what we have Christian Louboutin Boots. We should be seeking to be successful for God. To genuinely set goals for investing both our money and time into the kingdom of God. The best way to increase your monetary wealth is not to go asking the boss for a pay rise, but rather to start a regular investment program. More important still, is to learn how to invest wisely and not be wasteful with our resources. Before you can start investing you need to make some money available. Read More: http://redbottomshoes4u.org/ |
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2:24 PM Jul 11