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Tom Riach
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Tom Riach   My Press Releases

Wealth 16 : The Amazing Power Of Compounding (Part 2)

Published on 2/5/2014
For additional information  Click Here

THE AMAZING POWER OF COMPOUNDING (PART 2)


'The Amazing Power of Compounding (Part 2)' is the 16th in my 'Wealth' series of original copyrighted WakeUp2Wealth Press Releases written by Tom Riach (that's me above) from my home in the sunny south of Portugal.

Wake Up 2 Wealth

Wake Up 2 Wealth's Daily View Of The World!


THE AMAZING POWER OF COMPOUNDING (PART 2)


Once you have grasped the reality of the amazing power of compounding, the next step is to start using it. To do this you will first have to write down a simple plan of growth. Don't concern yourself at this stage with how you will make the money, it is only necessary at the outset to establish how much money you intend to make and when – the 'how' will come later. Remember too that the amount you wish to make and when will be based on your 'I Want' list (see previous press release). So let's assume that you are indeed aiming for the doubling of your money at each turn. It's as well to be ambitious because whatever your target amount may be, this will be the most that you can possibly make.


Power Point - “Whatever your targets in life may be (financial or otherwise), your targets are the most that you can possibly achieve. So set your sights high!”


Take my word for it. I'm not the kind of guy to mess about. Check me out by CLICKING ON the photo below.


The Amazing Power of Compounding

That's me on the right, on stage at Vilamoura Casino presenting awards in my capacity as consultant to a major leisure and tourism company.


You can Contact me by Clicking on to – THE AMAZING POWER OF COMPOUNDING - and arrange a FREE chat with me NOW! - or go to Contacts section at the bottom of this article.


THE AMAZING POWER OF COMPOUNDING (PART 2)


Thus you will make out your chart as follows Firstly note down the sum of money that you are starting with and the date. These are your starting points. Then enter the total amount of money that you intend to end up with and the date on which you expect to have it by. These are your objectives, your winning posts. So you should have written down something like this : “Today 1st January2014, One Dollar. I will turn this into One Million Dollars by the 31st December 2018.” So you have given yourself five years to turn your one dollar into a million. That is doubling your money each three months. Not bad for making your first million!


And remember, it is critically important to state this categorically and in writing. Why? Because you only have a plan, a target, an objective when you write it down. Before that you only have an idea. Ideas on their own are worthless. Writing them down is your first step in turning them into reality. You simply MUST write down your plan.


Power Point - “You only have a plan, a target, an objective when you write it down. Before that you only have an idea. Ideas are worthless. Writing them down is the first step in turning ideas into reality. You MUST write down your objectives, your plan!”


Next then in preparing your plan, your chart, is to list in the left hand column the numbers One to Twenty. In the next column alongside each number list the 'double' eg against Number 1 is written $1 to $2, against Number 2 is written $2 to $4 and so

on up to Number 20 which will show $500,000 to $1,000,000! (figures rounded). In the next column will go the Projected Start Date, then in thenext the Time Allowed (3 months) and in the next the Projected Completion Date for each double. After that leave the remaining columns to enter your actual achievements as you go along ie the Actual Start Date of each double, the Actual Time Taken for each double, the Actual Completion Date of each double and the Actual Amount Made (was it more or less than the double)? And in the last column make a note of the method used to make the double, that could be 'buy sell coffee beans' or whatever.


What you have now created is your own personal Compounding Chart. But it is also much more than just that. Your new compounding chart sets your objectives down in writing as clear financial targets and predetermines an allowable time span. Be sure to be ambitious when setting your targets BUT be realistic. Too low a percentage gain or too long a time span migh not motivate sufficiently but don't plan to make millions in a few weeks, that's unrealistic.


Power Point - “Be sure to be ambitious when setting targets but be realistic also.”


Your compounding chart has also become your record of Progress and Achievement. So keep it displayed in a prominent place where you see it daily. Use bright colours. The regular visual impact acts as a spur, motivating and reminding you of what you intend to achieve and of what you have achieved.


Power Point - “Keep your action plan and record of progress prominently displayed where you will see it and be motivated by it daily.”


I live and 'work' in the sunny south of Portugal. Need I say more?


Wake Up 2 Wealth

My Office In The Algarve


I ANSWER QUERIES AND GIVE 24/7 SUPPORT at :



Skype : wakeup2wealth



Email : wakeup2wealth@hush.com



Tel. : (00 351) 914 021 159



Website : Wake Up 2 Wealth



REGISTER IN MY SKYPE GROUP – I'LL GET BACK TO YOU PERSONALLY WITH INSTRUCTIONS AS TO WHAT TO DO NEXT.

THE AMAZING POWER OF COMPOUNDING (PART 2)

is an original copyrighted Tom Riach press release, short and to the point. I hope you enjoyed reading about 'The Amazing Power of Compounding' and found it informative/entertaining. You can Skype me at wakeup2wealth. To learn more or to get in touch with me or to join my contacts group, please visit me on my website at WAKE UP 2 WEALTH.

See you there! Regards, Tom.


© Copyright Joseph T.Riach 1998-2014. All rights reserved.


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