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Death Benefit Inside of Insurance by Curtis Ray
Always Be Compounding!
Why do I say that so much? Because every financial decision you make, your hard-earned money is either enhanced or diminished to create more money for you?
Compound Interest is money making money making money... so the more decisions you can make to enhance your money, the better position you will be in in your future! The less Compounding decisions you make, the harder you will have to work in the future!
Some quick examples:
Savings money in a back account- Diminished (3% loss to inflation)
Real estate rentals- Enhanced (O.P.M.)
Buying a new TV- Diminished (Cool but no financial benefit)
Index Funds- Enhanced (Risky so depends on the market)
15 Year Mortgage- Diminished (Lose millions of dollars of Compounding to save $100k in interest)
Start a small business- Enhanced (Risky so depends)
Paying off debt rapidly- Diminished (Pay minimums and get money making money)
MPI- Enhanced (King of Compounding)
I am not saying dont buy a TV or other decisions. We all need to live our life. However, the more good decisions of Compounding you make, the faster you achieve Financial Abundance.
If you have a personal scenario and would like me to run it side by side to see the Compounding projected result vs the not so Compounding, let me know. We can break it down!
Have a great week! Think about your future! And...
Always Be Compounding!
#financialwellness #compoundinterest #mpi #abc #money #wealth #retirement #income #goals #knowledge #moneytips #WealthTips #financialfreedom #financialliteracy #personalfinance
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