Financial Paradigms
on Creating Wealth
Is Return the Most Important Factor on Growing Wealth ?
Let's say your family income is 100,000$ a year
and you are one of the privilege savers in the USA, putting aside 5% , that is $ 5,000 a year !!!
What would be on today's economy a good return with NO-Risk ?
???????
How about 5% , that would mean 250$ on growth per year besides your 100,000$ Principal.
Would that be enough to make you, financial independent in a few years ?
Probably not ...
How different would it be if I tell you, that I could recover 5,000$ out of your cash flow because of damaging financing on your major purchases, taxes that you could have legally saved (*), certain fees, penalties, deductibles on your services and financial instruments that all together, create a considerable amount of money transfers (Losses).
(*) Always consult your tax adviser
Now you have 5,000$ in your hands that you didn't have before.
All of a sudden, you increase your wealth from the 250$ generated previously by your savings, to an additional 5,000$ dollars that could be used for better financial decisions and
to create a much brighter financial future.
It is actually 20 times bigger than the 250$ amount
and guess what, without taking any risk,
because it was recovered, not even invested yet !
One question, what is better, the savings of 5% at 5% or the recovery of 5% on your cash flow ?
When do you want to know,
if together, we could do better ?