|About the Book|
What happened to your tax refund this year? It could be your $250,000 Gold Mine. Use a special IRS-approved account for tax-FREE income. Spend all of the $250,000-NO taxes EVER. The average tax refund was $3,022. If you had invested your refundsMoreWhat happened to your tax refund this year? It could be your $250,000 Gold Mine. Use a special IRS-approved account for tax-FREE income. Spend all of the $250,000-NO taxes EVER. The average tax refund was $3,022. If you had invested your refunds since you started loaning part of your paycheck to our Congress, you might have $250,000 by now. What did you do with your refund this year? Most of us cant remember. Just think if you had started investing it earlier. Study the table below. This is your Gold Mine. Investing $3,000-$250 a month, $9 a day-can turn into $250,000 or more. Compounding is how it happens-money earning money on its earnings every period. Invest your money in businesses sharing profits with you and over time you can reach $1,000,000. When we invest in successful businesses, we can earn 10% to 12% a year. After 10 years, we can have $55,000 because the businesses paid dividends and we reinvested them. After 25 years, we could have $250,000 and after 33 years, perhaps $1,000,000. Over time, stocks are safer than bank CDs because we earn more than inflation subtracts. We have buying power. Compounding works best when we put our money to work in successful businesses paying us dividends and stock splits. When we use a low-cost tax-FREE account, we avoid fees AND taxes so we keep more of our money to compound. The table below gives us some idea of how fast our investment can grow if we invest it in businesses like the ones we use every day. Are you willing to trade your $3,000 annual tax refunds for $250,000 in the future? This is what the smartest investor does. My wealth has come from a combination of living in America, some lucky genes, and compound interest. Warren Buffett I will show how to set up your Gold Mine in only one hour.