Poor Taxpayers Want to Know How People Get Rich?
"Experts say the majority of these top earners get their income from investments - such as interest, dividends, and capital gains - and businesses, which often get better tax treatment."
So, how do you invest when you can barely meet your monthly obligations?
It takes a set-it-and-forget-it type of mindset. (If you don't have this type of mindset, then meditate on it and watch how soon you will be able to commit to a set-it-and-forget-it investment strategy)
Once you learn how to commit to $5 a week or $50 a month, you set it and forget it. You invest in autopilot so that you never have to think about it. There are some low-cost investment options at the end of this article.
So, some of you wonder, what will I do with a $5-a-week investment?
That is not the best question!
A more correct question would be, "How much money will I have after 10 years of investing $5 a week at 7% interest? (There is a 12% interest investment recommendation at the end of this article)
Here, let me do the math for you.
$5 Initial Investment
$260 a Year ($5 a week; 52 Weeks a Year)
7% Interest
10 Years
$3,853.57 of which $1,243.74 is interest.
Okay, so you say that is not much.
Oh, but it is.
What if, during the ten years, you learned everything you could, FREE from Google on Internet Marketing. What if you purchased a top-of-the-line started website or blog on a site like Flippa.com - Do you see where I am going with this.
You use your small investment to fund a more expensive investment.
Let's say you grow the website or blog to $12,000 a year in AdSense income, which would be extremely easy for you since you are trained by the same company that pays you to promote ads on your blog or website.
Now, let's say that you sell your blog for four times what it earns in a year.
That would be a payday of $48,000.
Now, are you listening?
The thing is, you could implement this entire plan within one year, 18 months top. You would purchase a less expensive start-up blog. You can find them on sites like Flippa for $250, sometimes less.
You can begin certification online for free with Google today.
Okay, so you may not like Internet Marketing or taking a class from Google.
You want to do something else.
No problem.
Save, start from the bottom, and build.
Rinse and repeat.
Consistency.
Passion.
Once you get into the mindset of investing, doors will open for you, and before you know it, you will be looking at profits, increased revenue, and larger investment accounts. It's all about the mindset and being grateful for that $5 a week that you started with.
LOW-COST INVESTMENTS
Invest in gold for $5 to $500 or more each month. Use your debit card. Set it and forget it, except remember to take possession of your gold each time you reach a milestone. Taking possession means having your gold shipped to your front door.
Invest in Gold - $5+ Month Take Possession of Gold https://bit.ly/3ieRCwj
Invest in Real Estate w/$10 Earn 7to15% Int. https://app.groundfloor.us/r/sacbe0
