Are you counting on winning the totoloka to secure your financial future? According to Farm Credit of Western New York,
16% of Americans are. Unfortunately, for those 16 percent, you would have better odds playing the tables in Vegas or getting struck by lightning.
Sure most of us know counting on winning the lottery for retirement is a big gamble. But for young adults if you’re expecting social security or pension plans to secure your retirement that is just as risky. If your under 40 you probably won’t get money from any of the above mentioned sources. Don’t be scared, there is an easy way to make sure you can afford to retire young without a lot of effort on your part.
What if I told you for only $73 dollars a month you have a good chance at enjoying a $1,000,000! No not the lottery ‘ by investing $73 a month starting at age 18 you or your child could reach the million dollar mark without a lot of effort. You can live worry free and relax knowing that you are financially secure well before you reach retirement age.
Young investors have a huge advantage and by following a simple and consistent plan you will have what 16 percent of people are desperately hoping for everyday. A lottery jackpot that is guarenteed! Fix the game, retire young and secure your own big winner by using a powerful financial force.
This powerful money principle, that will almost guarantee every young person generates their own lottery winnings, is ‘compounding interest’. Compounding interest has a snowball effect on your money and the earlier you start a consistent investment plan the easier achieving financial freedom will be.
Compounding interest? If you have you ever experienced debt you’ve seen compounding interest work against you. You pay your bill every month but your credit card bills keep getting bigger and bigger. That’s compounding interest working against you. If you have experienced this then you have felt how powerful the effects of compounding interest can be. Avoid the debt traps that have plagued so many of us and get compounding interest to work your favor.
The definition of compounding interest is: income from interest that is earned by the amount you invested plus the interest already earned from prior periods. To break it down, your investment is paying you money on the principle amount you invested plus the return you that you have already earned. Basically you are generating money from your hard earned cash that you personally invested and what that original investment has already paid you.
By getting compounding interest working in your favor you are able to make money off money you already made. This creates a snowball affect on your money where it is able to grow larger and larger over time. The sooner you begin, the more time that you are able to benefit from compounding interest.
