If you're hungry for money and wealth, like me, already, then you are perhaps asking this question: how to become the richest man?
People think that to make money, it takes money. This is partly true. However, it lacks a fundamental ingredient in this statement. To make money, you must make good returns.
You have as much chance of becoming a billionaire with a poorly performing portfolio sheep chance to defeat a lion in a duel.
Performance: a fundamental criterion for getting rich
You will never become rich without a good return on your investment. Regardless of the amount you invest, whether thousand dollars or $ 1 million.
If your rate of return is negative, And your time. If your rate of return is zero (0%), you also because of inflation (cost of living increases continuously). If you make returns of around 2 to 3%, you keep just the value of your money. If you complete annual returns between 7 and 12%, bravo! You'll earn enough money to enjoy a nice comfortable retirement. However, if you realize returns above 25% per year, maybe you will be part of the small elite of the richest men in the world.
Many have become millionaires by saving for years and investing their assets to average yields of roughly 9.5% per year. This is the historical average return of the market index S & P 500 over a period of 90 years. Warning! For 9.5% annual return, you must leave your money in the stock market over a very long period, in order to offset the volatile stock market movements.
For their part, the richest men in the world have become the breeding year after year in a return on investment far beyond the average.
Certainly the best example is based on the largest investor of all time, Warren Buffet. He realized during his career a gain of 30% per year on its investments.
His strategy? Act contrary to the ground. Buy when everyone is selling and sell when everyone is buying. It seems that it works!
This man is part of the top 5 world's richest men for many years, and mainly due to the performance it has produced over the years.
You may be saying, is it enough to have an efficiency of roughly 30% per year to become the richest man in the world? It may well be the case.
Here are a few small, simple calculations quickly give us the answer.
Some calculations to become the richest man in the world
I suggest an initial starting amount of $ 10,000. This is a realistic investment that anyone can accumulate in a short period, if manages its finances obviously amount.
■ Invest $ 10,000 in 25 years at an interest rate of 30% per year and 85 years you will have accumulated $ 69 billion
■ Invest $ 10,000 in 25 years at an interest rate of 40% per year and 75 years you will have accumulated $ 202 billion
■ Invest $ 10,000 in 25 years at an interest rate of 50% per year and 50 years you will have accumulated $ 252 billion.
Finally, contrary to what many people think, get annual returns of this magnitude is quite feasible. By cons, make such return on investment year after year is much less likely.
Research that led to find this article:
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People think that to make money, it takes money. This is partly true. However, it lacks a fundamental ingredient in this statement. To make money, you must make good returns.
You have as much chance of becoming a billionaire with a poorly performing portfolio sheep chance to defeat a lion in a duel.
Performance: a fundamental criterion for getting rich
You will never become rich without a good return on your investment. Regardless of the amount you invest, whether thousand dollars or $ 1 million.
If your rate of return is negative, And your time. If your rate of return is zero (0%), you also because of inflation (cost of living increases continuously). If you make returns of around 2 to 3%, you keep just the value of your money. If you complete annual returns between 7 and 12%, bravo! You'll earn enough money to enjoy a nice comfortable retirement. However, if you realize returns above 25% per year, maybe you will be part of the small elite of the richest men in the world.
Many have become millionaires by saving for years and investing their assets to average yields of roughly 9.5% per year. This is the historical average return of the market index S & P 500 over a period of 90 years. Warning! For 9.5% annual return, you must leave your money in the stock market over a very long period, in order to offset the volatile stock market movements.
For their part, the richest men in the world have become the breeding year after year in a return on investment far beyond the average.
Certainly the best example is based on the largest investor of all time, Warren Buffet. He realized during his career a gain of 30% per year on its investments.
His strategy? Act contrary to the ground. Buy when everyone is selling and sell when everyone is buying. It seems that it works!
This man is part of the top 5 world's richest men for many years, and mainly due to the performance it has produced over the years.
You may be saying, is it enough to have an efficiency of roughly 30% per year to become the richest man in the world? It may well be the case.
Here are a few small, simple calculations quickly give us the answer.
Some calculations to become the richest man in the world
I suggest an initial starting amount of $ 10,000. This is a realistic investment that anyone can accumulate in a short period, if manages its finances obviously amount.
■ Invest $ 10,000 in 25 years at an interest rate of 30% per year and 85 years you will have accumulated $ 69 billion
■ Invest $ 10,000 in 25 years at an interest rate of 40% per year and 75 years you will have accumulated $ 202 billion
■ Invest $ 10,000 in 25 years at an interest rate of 50% per year and 50 years you will have accumulated $ 252 billion.
Finally, contrary to what many people think, get annual returns of this magnitude is quite feasible. By cons, make such return on investment year after year is much less likely.
Research that led to find this article:
how to be rich in 12 years, a rich man, how to become the richest in the world, the man I want to be the richest in the world, how to become the man the richest in the world, how to get rich in 12 years, the richest man in the world , the richest of the caribbean, what to do to become a powerful man in the country, becoming a millionaire 10 years
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