Life Loans

Income for life is a real possibility if you can truly grasp the following concept. Have you heard the story of the penny doubled? It starts with this question:

If someone were to offer you a choice to A) Receive a single PENNY today, and your money will double every day for the next thirty days, or B) Receive one MILLION dollars cash today, which would you choose?

For most, the immediate reaction is to take the million dollars. One penny? No thanks. One million dollars? Yes please! Upon a closer look and some simple mathematics, though, we see a different picture. Look at what happens to this penny over thirty days…

1) $.01
2) $.02
3) $.04
4) $.08
5) $.16
6) $.32
7) $.64
$1.28
9) $2.56
10) $5.12
11) $10.24
12) $20.48
13) $40.96
14) $81.92
15) $163.84
16) $327.68
17) $655.36
18) $1,310.72
19) $2,621.44
20) $5,242.88
21) $10,485.76
22) $20,971.52
23) $41, 943.04
24) $83,886.08
25) $167,772.16
26) $335,544.32
27) $671,088.64
28) $1,342,177.28
29) $2,684,354.56
30) $5,368,709.12

The penny doubled is actually worth FIVE times the quick million. If you focus only on your immediate results, no doubt you will be disappointed for the first few weeks with your slowly doubling penny. Something magical happens as you approach the three-week mark, though. Your penny has become thousands, and now those thousands are doubling to become millions! If you had the opportunity for compounding results like this, might you have income for life? You bet.

A millionaire mindset is not possible without the right experience in business education. If you look at the number of people today who appear in the same nine to five work, they still end up with a tiny bank account after twenty years; you know that you need to have the right strategy in order to end up a millionaire. If you look at the financial experts, they would tell you that your financial security is not tied to your corporate commitment but rather tied to your investment decision-making.

There are people who committed grave errors when it comes to their investment commitment, mainly because of their lack of knowledge on how finances work. If your goal is to be a millionaire someday, you want to consider a variety of options than be stuck in the same work with mid tier compensation.

Do you know that it is possible to end up a millionaire upon retirement (even with only a middle class income)? One of the many ways that you could do if you receive an income coming from a steady job is to examine investments. Investing may not be an easy job, but if you get the hang around of things, you will be able to get a strong sense of formal decision-making skills.

Investments may not always be returning enormous profits, but if you make your research and you have the millionaire’s gut feeling and risk taking attitude, you might as well find success one day. You should remember that your desire to invest should also be in line with graphs and the results of your exact own research.

You want to create a successful financial future. You are excited about the idea of being financially free and being able to never worry about money again. Why is it that even though we can see a clear path to our goals, a single shred of doubt can paralyze us? Why is it that when out of our comfort zone, we talk ourselves out of success almost as quickly as we thought about being successful? I am sure this has happened in other aspects of your life. It has in mine. For me I think it was when I said, “I am going to find a job that I love!” But then that little voice of doubt showed up and said “I’m not sure I am capable of doing that. What if I fail again? What if no one thinks I’m good enough?

The truth is if I wanted to create something that was different than my current situation, I knew that I had to get over this self-doubt. When I found myself doubting my capabilities, I had to remind myself that I was just human. It is natural to think of the negatives that could come from a situation, but I only allowed myself to dwell on the positive outcomes. Did I put this doubt on the back burner so I could actually move forward? I stopped needing to know the details about how to get what I wanted, until I knew what I wanted.