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By Michael Masterson

"Michael Masterson has for my part helped extra humans in attaining monetary independence than somebody else i do know. He has been a worthwhile mentor in my very own existence. Michael's credentials move some distance past the truth that he's a very winning businessman. (There are millions of those.) He has a distinct reward for discerning—and explaining in simply obtainable terms—what it quite takes to prevail. automated Wealth for Grads will supply any younger individual an enormous headstart for attaining their monetary objectives at a truly younger age."—Justin Ford, writer of Seeds of Wealth: a big Wealth-Building Plan on your little ones and Editor of major highway Millionaire"Only time will inform no matter if you might have the center and honor to persist with Masterson's masterful plan. reliable luck!"—From the foreword through Mark Skousen, Adjunct Professor, Columbia collage, 2004-05 and Benjamin Franklin Chair of administration, Grantham collage geared up round confirmed wealth-creating rules, this precious advisor finds strong concepts and techniques that experience individually labored for Michael Masterson in addition to for the various humans he is helped turn into filthy rich and profitable. full of in-depth insights and sensible recommendation, automated Wealth for Grads will convey you ways to:Choose an excellent profession, get your first task, and upward thrust to the pinnacle of your fieldContinuously bring up your source of revenue on a fast-track foundation, and get the most important increases of your lifeProfit from the true property market—even in contemporary doubtful marketStart or achieve fairness in a enterprise that might offer an automated destiny source of revenue streamInvest within the inventory industry, get a better price on taxes, make purchases that savor, decrease your credits charges, and accomplish monetary independence when you are nonetheless younger adequate to get pleasure from your funds

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If you follow all of the principles in this book, you’ll probably get wealthy way before you are 65. But that doesn’t mean you won’t keep saving. You probably will. ) What you earn on your savings depends on what type of investing you do. If you invest in the stock market—which is the way most people invest—you can expect to make between 10 percent and 18 percent on your money. Let me explain those numbers. 2 percent. That encompasses nine bear (losing) markets, including the big bear market of the 1970s and the crash of 1987.

For starters, I’ll give you ways to get your income up to $150,000 a year within three or four years. Perhaps more important, I will show you how to become an invaluable employee so that you can expect to see salary increases of at least 5 percent a year. High-income earners make most of their money by practicing a single skill within the context of a single industry. Don’t be fooled by financial gurus who tell you otherwise. But high earners eventually develop many streams of income. And I’m going to argue that you should do the same thing.

A hundred dollars? A thousand dollars? How about a million dollars? Not even close. If you start with just a single penny and double it every day for 31 days, you’ll end up with . . 48. Over twenty-one million dollars in a single month! This is an example of the power of compound interest. Your original penny will have turned into two. But then those two will have turned into four, those four turned into eight, and so on. The growth of your money will have accelerated, or sped up, not only because your original penny was collecting interest but also because all the pennies you received as interest also began to earn interest.

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