Rich or poor, it’s up to you

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From today’s business news:

A new survey of pay rates shows the poor are getting poorer.

An analysis of 73-thousand jobs listed on website Trade Me show employers are finding it easier to attract staff…but those on the bottom rung are being paid less.

But, the average salary rose to $57-thousand 600 dollars from $55-thousand 500 in the last quarter of 2007.

But unskilled groups at the bottom of the heap went backwards, earning around $28-thousand dollars.

Now this is really important to understand. I see this in every society and country I visit.

Most people don’t understand things like compounding, (debt or interest), or inflation.
So “poor” people often work hard, but they live form week to week not realising that their net worth, if not already zero, is getting eroded by inflation AND they don’t even put $10 a week aside to save for their future.

So in this context the difference between rich and poor is as little as $10 a week.
Or put it another way, if you buy 2 rental properties you will eventually earn in additional income as much as the “poor” earn working 50 hours a week.

This is an incredibly powerful paradigm to understand. Even one inflation proofed investment like a rental property will keep you form ever being part of the “poor” referred to above.

The difference is you taking some action. It doesn’t even have to be massive action, just buy 1 property or set up an AP to transfer $10 a week into a savings account.

Look at the power of ten dollars a week with just 8% return on your money.

Yr $$ paid in Closing Balance
1 $520 1,123
2 1,040 1,775
3 1,560 2,478
4 2,080 3,238
5 2,600 4,059
6 3,120 4,945
7 3,640 5,902
8 4,160 6,936
9 4,680 8,052
10 5,200 9,258
11 5,720 10,561
12 6,240 11,967
13 6,760 13,486
14 7,280 15,126
15 7,800 16,898
16 8,320 18,812
17 8,840 20,878
18 9,360 23,110
19 9,880 25,520
20 10,400 28,124
21 10,920 30,935
22 11,440 33,972
23 11,960 37,251
24 12,480 40,793
25 13,000 44,618
26 13,520 48,749
27 14,040 53,210
28 14,560 58,028
29 15,080 63,232
30 15,600 68,852
31 16,120 74,922
32 16,640 81,478
33 17,160 88,557
34 17,680 96,204
35 18,200 104,461
36 18,720 113,380
37 19,240 123,012
38 19,760 133,415
39 20,280 144,649
40 20,800 156,783

Imagine if you put this to work in a rental property where your actual return on your ten dollars might be double, treble or 5 times this amount.

1 strategic action like this will keep you from poverty and start to build an inheritance for your family. But will you do it?? Or is the big screen tv, the Lotto ticket, or Shortland Street just too important??

Stay Safe ~ Dean Letfus (aka Dean Leftus)

www.massiveaction.co.nz

Don’t miss this exceptional opportunity, freehold commercial investment from only $40,000