Investing - Money - Success - Personal Growth Guide

By Anthony Robbins

One of the psychological barriers to becoming wealthy is the limiting excuses such as, I have nothing to start with, I have no vehicle, and I don’t have my own business. All these excuses come from one simple principle that I know you have heard of. There are a lot of things we know in life intellectually or we have heard about, but we don’t own it emotionally, so it doesn’t benefit us.

One of those principles is the power of compounding. When Einstein talked about the principles in the universe that was astounding, one of them he described was compounding. If a man or woman understand this, their fascination would be beyond almost anything they can imagine; because here is a chance for you to start out with almost nothing and you can be a fulltime person employed by someone else and still be wealthy. You don’t have to be Bill Gates! You can invest in Bill Gates, and you can do it with tiny amounts of money that allow you to take his talents and piggyback on Bill Gates’ success.

You don’t even have to have unique ideas; you have to become an investor. If you have the genius to invest in those people who build companies, your wealth could grow beyond your wildest imagination. Even if you are not a great investor you could do it if you understand compounding. When you invest money and you don’t spend it, money that is continuously reinvested compounds on top of itself. And in the beginning it grows very slowly and then and eventually have explosive growth beyond anything you could earn.

If you just put away $5 a day, that’s $150.00 a month, and you invested that at a 15% annual return and you do that for 30 years that’s worth one million thirty-one thousand dollars($1,031,000). In another ten years it will be worth 4.7 million dollars. Now obviously you could invest more than $150 a month, if you are committed.

The lesson I want you to get is no matter how little you are starting with, you must get started NOW. You got to put that money aside and you have got to make sure you invest it. If you want to make sure you could take care of your child’s education, all you would have to do is put away $100 a month beginning at your child’s birth. And if you just reinvest that at a 15% rate of return through the years, you are going to have $110,000 by the time your child turns 19. If you don’t touch that money, or you put it in a trust; by the time they rich age 50 they’d have 9.6 million dollars. 

A woman today who reaches the age of 50, can expect to see her 92 birthday. If you reach the age of 50 without cancer, heart disease you are going to live to your 90s; that’s what the statistics say. Handling your finances is so critical, and compounding is the ticket. Don’t fool yourself and say you have no money; you must start with a minimum of 10% of what you earn, invest it and don’t touch it.

By Anthony Robbins