| About
This Book
What will you learn in
How to Make a Million with only $2,000—Every Young Person Can Do
It?
- The importance of saving money early in life.
- Simple explanations of financial terms, including the power of compound interest and the Rule of 72, which shows how quickly money can double.
- How the discipline and regularity of saving is more important than the amount.
- The three buckets for saving—what they are, how they are used.
- Budgeting and the significance of deferring large dollar purchases.
- How to invest safely in stocks and ways to minimize costs.
- Tax Shelters and their benefits, with special emphasis on the Roth
IRA
- Strategies for financial success, including use of the 529 plan and the Education IRA for college savings.
- Special ways parents and grandparent can help their kids succeed.
- How to provide lifetime freedom and security from financial pressures.
- When and how to spend accumulated wealth.
- And more, including setting financial goals, why and how not to create credit card debt, and tips for success in life.
What if I don't have $2,000?
This book clearly and concisely guides you through easy-to-understand methods in
Making a Million Dollars with Only $2000. Chapter XV answers the question, "What if I don't have $2000?"
Through charts and compound interest calculations,
Ed demonstrates that saving a dime, a quarter, a dollar a day or any regular amount is the answer to accumulation of wealth.
Once again, it it not the amount - it is the DISCIPLINE and the
REGULARITY!
Utilizing the most conservative example, let us review the compound interest principle to obtain your first $2000.
- Open a savings account at a banking facility of your choice
- Deposit $50.00
monthly
- Based on the following interest rates with compound interest, you will find the length of time it requires to accumulate your first $2000.
| Interest Rate |
Months to Yield $2000 |
|
4% |
37.16 |
| 3% |
38.17 |
| 2% |
38.75 |
| 1% |
39.36 |
| 0% |
40.00 |
The
Jump$tart Coalition for Personal Financial Literacy believes in the importance of teaching our youth personal finance instruction. Ed's book can help students understand the importance of saving and the difference that it can make in their lives. He covers many other important financial concepts including investments, safety and diversification, tax shelters, Roth
IRAs, 529 Plans, etc." —Dara Duguay, Executive Director, Jump$tart Coalition
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Other Books
by Ed
The
Money Marathon: 7 Simple Steps to Financial Freedom
Related web
sites are www.eddouglas.com
and www.getthebookofjohn.com.
You may also
request a FREE copy of The Book of John and/or "The
Four Spiritual Laws" with your orders.
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