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My total risk were less than $15 – this investment grew to more than $27 857 in less than a year. This represents a growth of more than 195000% The Formula For Riches is indeed a magic investment strategy “
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I calculated the IRR - (Internal Rate of Return)-  on my investment over three years as 22860% - a stunning twenty two thousand eight hundred and sixty per cent. By applying the Formula For Riches the smaller the investment the higher our IRR Just as you explain in your Formula For Riches.
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The Truth About Saving For Retirement

The more you save the poorer you will get because the less time you will have to make up for a poor return the financial institutions will give you on your investment.


Do you belief this myth - “You must save your money”

When I started in the financial industry, I was conditioned to believe that you had to save anything between 10% and 30% of your income, depending on your age, to become financially independent at the age of 65.

I was shocked to find that this simply was not the case!

Let me demonstrate just what happens when you believe this myth:

Let’s say that you want to retire at age 65
You want to provide for 20 years after retirement
You want an income of $10 000 per month in today’s terms
There is no inflation and there is no growth on my investment
How much money (capital) must you have to keep your standard of living?
 
The answer is $2,400,000 ($10,000 *12 months *20 years).

Now let’s say you are 45 years of age when you start your planning

You have no capital but your income is $10,000 per month
There is no inflation and there is no interest or growth that you can receive on your investments
You want to retire at the age of 65 with 100% of your current income ($10,000).
You have 20 years before you retire
How much money must you save to reach your goal?

Are you ready for this?

You must save all of your income ($10 000) to have the $2,400,000 that you will need to retire.

In other words you must save 100% of your income.
 
It’s not possible!

If you start at age 35 you will have 30 years to make provision and you must save $6,666.67 per month or 66.67% of your income.

If you start at age 25 you will need to save 50% of your income.

But this is not the truth either!

Lets assume that you get $10,000 per month income, and you have to pay income tax.
If I assume that you are paying 20% tax on average on your income it means you must pay $2,000 tax per month out of the $10,000 leaving you with $8,000.
Based on the $8,000 you must save $5,000 or 62.5% of your after tax income.

The only variable that can change this is whatever real growth can be achieved on your investment.
 
What is real growth?

If the inflation rate is 6% and you get an after tax growth rate of 6% your real return (growth rate) is 0%. If this is the scenario, then your calculations stay more or less the same.

In order to beat the system you must achieve greater growth on your money.

Because you do not have any control over the growth rate of your investment you will be dependent on the financial institutions to give you the best rate.
 
Is it really any wonder that less than 1% of the population will be rich when they retire?

This is shocking news!

Yet, when you sit with the ‘expert’ who wants to sell you a retirement product, are you told this? No wonder I have yet to meet a person who became rich by investing their money with a financial institution where they battle to out perform the inflation rate!

The only way to retire rich is to - the smart way. There is no other way.

The people who are rich either invested in their own business or in property. I will come back to this later in another article.

Many, many people work very hard, yet at the end of the month they cannot make ends meet.

You see to work hard has nothing to do to become rich.

Unless you and how to let your money work for you, you will remain a financial slave for the rest of your life.

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