Home ·  Course Syllabus ·  Mission Statement ·  Support ·  Risk ·  List Join
Member Login ·  Enroll in Two Steps To Wealth ·  Tell a Friend ·  Contact Us

How to Turn Your Child Into a Millionaire
By Age 33 on a Penny a Day

Save a penny a day and you'll have 30 cents saved up at the end of a month. Let's say you begin doing that on the day your child is born, and continue doing so until your child turns age 18.

Then your son or daughter takes over and continues saving a penny a day for another 22 years, a total of 40 years altogether.

Let's assume that the money grows tax-deferred in an IRA account, that you never withdraw any funds and let's ignore the effects of inflation for purposes of this exercise.

Finally, let's say you can get an average 3% monthly return on your money the entire time. If that sounds a bit high, and perhaps even risky, it's not! We will show you in Two Steps To Wealth how easy it can actually be.

So what's the answer?

Save a penny a day and grow it at 3% per month and your child will be a millionaire by age 33, and worth $14,516,688.25 by age 40!

Over 14 million dollars on a penny a day. That's the power of compound interest, which we call the 'Bankers Secret'.

When you're in debt and make minimum monthly installment payments, the power of compound interest works against you in two different ways.

First, much of the payment you make is pure interest, and not a pay down of principal. This slow amortization of the original loan amount saps your income. And remember: you're only going to get a limited amount of income in your life, whatever the annual amount may be.

Secondly, each dollar of payment you make towards debt is a dollar that cannot compound for you for years to come.

This is called 'lost opportunity' income, and can be the one single factor that makes the difference between retiring broke and retiring wealthy.