Who Wants To Be A Millionaire?

I am sure you have probably read about the power of compound interest. And how if you invested $10,000 at 10% return and let it compound for 50 years you would have a little over 1 million dollars.

Now that's all well and good, but who wants to wait around for 50 years before they can enjoy the fruits of their labor.

A quick tweak of the spreadsheet tells us that if you could increase your returns to just 15% per year, we would be looking at a million dollar balance in around 35 years, which would also be bringing you in around $150,000 more each year after that.

25% return per year will turn your $10,000 into 1 million in around 22 years, producing another $250,000 per year in additional cash flow.

This brings us to an important point. How much is enough?

How much money do you need to live your life?

Well, its all relative to the lifestyle you wish to lead. A good way to work out how much is enough, is to consider how much money you live off now. Work out how much money you would need to earn to replace your current income with your investment income.

If you earn $50,000 per year, then it will only take you around 15 years from the example above at 25% return to replace your income from your investments.

Work out how much money you need to live the lifestyle you want, and then take that figure and work out how much money you need invested to produce an equal income.

You might just be pleasantly surprised at how much you really need, and that it is not that far out of your reach.

Are these returns really possible?

The figures we talked about above are really just to give you an idea of what's possible. Again everything is relative to how much work, time, money and commitment you are prepared to make in order to secure these returns.

A good managed fund will give you around a 10% return per year, but if you want to take things to the next level, then the only way to do this is to learn how to invest your own money. Returns of 25% and higher are certainly possible, people make returns like this all the time. You just need to learn the strategies, and apply them. Sure there will be some bumps in the road ahead, but consider the alternatives.

Your job for this week, is to set some time aside and figure out how much money you will need in order to replace your income. Work out all your living expenses and any other costs you need to consider, and make that your first goal.

Read More Free Investment, Wealth Creation & Personal Finance Articles & Tutorials at: http://www.global-investment-institute.com

The Global Investment Institute has been setup to aid people in the pursuit of a better lifestyle through managing their money effectively, investing wisely and wealth planning for their future.

In The News:
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.laspecula.com/index.php%3Foption%3Dcom_content%26task%3Dview%26id%3D1421%26Itemid%3D1cid=1257878815ei=7lH1SO78Ao_u6gOs9eybDQusg=AFQjCNHrSwi7tCSbB4I08wWONPRUgGOIGgUS bInvesting/b $250 Billion in Banks/abrfont size=-1font color=#6f6f6fLa Specula,nbsp;Italynbsp;-/font nobr13 hours ago/nobr/fontbrfont size=-1He essentially told the participants that they would have to accept government binvestment/b for the good of the American financial system. b.../b/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.midasletter.com/commentary/081014_Bull-market-reset.phpcid=1257878815ei=7lH1SO78Ao_u6gOs9eybDQusg=AFQjCNGQUrd7zXgqmPvsDmkxdcHJPkfHugBull Market Reset/a font size=-1 color=#6f6f6fnobrMidas Letter/nobr/font/fontbrfont class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1257878815hl=ennobrall 524 news articles/nobr/a/font/div/font/td/tr/table
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/3197796/Financial-crisis-Few-regulatory-fears-for-alternative-investing.htmlcid=1256731910ei=7lH1SO78Ao_u6gOs9eybDQusg=AFQjCNGWLdG-HHtoQMiaPJgolh9EmPQxCgFinancial crisis: Few regulatory fears for alternative binvesting/b/abrfont size=-1font color=#6f6f6fTelegraph.co.uk,nbsp;United Kingdomnbsp;-/font nobr8 hours ago/nobr/fontbrfont size=-1Fears that the new regulatory environment in the banking will have a knock-on effect on the alternative binvestment/b industry are being played down by two of b.../b/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://online.wsj.com/article/SB122385551752227093.html%3Fmod%3Dgooglenews_wsjcid=1256731910ei=7lH1SO78Ao_u6gOs9eybDQusg=AFQjCNH-Xus3jrbgdx1BEfZoSbBRGYtgrQFunds of Hedge Funds are Under Pressure/a font size=-1 color=#6f6f6fnobrWall Street Journal/nobr/font/fontbrfont class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1256731910hl=ennobrall 16 news articles/nobr/a/font/div/font/td/tr/table
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.bpnews.net/BPnews.asp%3FID%3D29123cid=1257812140ei=7lH1SO78Ao_u6gOs9eybDQusg=AFQjCNGcI-s2pUxDZzS7kjAoMHWgR9eO1gGuideStone fields binvestment/b questions/abrfont size=-1font color=#6f6f6fBP News,nbsp;TNnbsp;-/font nobr5 hours ago/nobr/fontbrfont size=-1In return for the growth of your investments, you realize there is a possibility that the amount of your binvestment/b could decrease in value. b.../b/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.bpnews.net/BPnews.asp%3FID%3D29122cid=1257812140ei=7lH1SO78Ao_u6gOs9eybDQusg=AFQjCNER1rJIEML1qCPSYYGGvWfGIlzN9QGuideStone online resources address market volatility/a font size=-1 color=#6f6f6fnobrBP News/nobr/font/fontbrfont class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1257812140hl=ennobrall 4 news articles/nobr/a/font/div/font/td/tr/table
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table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.theaustralian.news.com.au/business/story/0,28124,24476033-5001942,00.htmlcid=1257686162ei=7lH1SO78Ao_u6gOs9eybDQusg=AFQjCNHKRZD4awoF9wg5uh8IC3p_ilgdLwGetting interesting times into binvesting/b perspective/abrfont size=-1font color=#6f6f6fThe Australian,nbsp;Australianbsp;-/font nobr12 hours ago/nobr/fontbrfont size=-1It is always dangerous to talk about past binvestment/b performances as if they were sure to be repeated. Nevertheless it sometimes helps in putting some of b.../b/font/div/font/td/tr/table
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://blogs.wsj.com/wallet/2008/10/14/loose-change-101408/%3Fmod%3Dgooglenews_wsjcid=0ei=7lH1SO78Ao_u6gOs9eybDQusg=AFQjCNHY_1CrVGr5Rq_obE1jjceDWFYAOgimg src=http://news.google.com/news?imgefp=wCaYVXqLL_gJimgurl=s.wsj.net/media/debt_art_200v_20081013181106.jpg width=56 height=80 alt= border=1brfont size=-2Wall Street Journal Blogs/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://blogs.wsj.com/wallet/2008/10/14/loose-change-101408/%3Fmod%3Dgooglenews_wsjcid=0ei=7lH1SO78Ao_u6gOs9eybDQusg=AFQjCNHY_1CrVGr5Rq_obE1jjceDWFYAOgThe Wallet covers the latest personal finance and binvesting/b news b.../b/abrfont size=-1font color=#6f6f6fWall Street Journal Blogs,nbsp;NYnbsp;-/font nobr12 hours ago/nobr/fontbrfont size=-1-Are credit cards at a tipping point? There’s more borrowing and less paying. [RedTapeChronicles] -I Will Teach You To Be Rich is doing a regular feature b.../b/font/div/font/td/tr/table
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://news.bbc.co.uk/1/hi/business/7662846.stmcid=1257871579ei=7lH1SO78Ao_u6gOs9eybDQusg=AFQjCNE7GuTIs_l0mIOL0-YzK_9t6GA9ygimg src=http://news.google.com/news?imgefp=N5l0FAeSrJkJimgurl=newsimg.bbc.co.uk/media/images/45095000/jpg/_45095824_-9.jpg width=80 height=60 alt= border=1brfont size=-2BBC News/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.fool.com/investing/value/2008/10/14/party-like-its-2007.aspxcid=1257871579ei=7lH1SO78Ao_u6gOs9eybDQusg=AFQjCNEMLn6hueUjes7TNGqbCn2G3_W8JgParty Like It#39;s 2007/abrfont size=-1font color=#6f6f6fMotley Foolnbsp;-/font nobr6 hours ago/nobr/fontbrfont size=-1I doubt I#39;ll ever see some of the single-day share price movements of large household names again in my binvesting/b lifetime. For example: Suddenly, it was b.../b/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://seekingalpha.com/article/99744-stocks-for-the-long-runcid=1257871579ei=7lH1SO78Ao_u6gOs9eybDQusg=AFQjCNHAfrMphw893xFhvEBQcHw584582QStocks for the Long Run?/a font size=-1 color=#6f6f6fnobrSeeking Alpha/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.nick.com/all_nick/tv_supersites/nick_news/stories_weekly.jhtml%3FpollId%3D470421996%26wstory%3D0cid=1257871579ei=7lH1SO78Ao_u6gOs9eybDQusg=AFQjCNEyTS3Dq48bSZDGI9VybsvFpxVt0QKids Take a Wild Ride on the Stock Market Roller Coaster/a font size=-1 color=#6f6f6fnobrNick.com/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://online.wsj.com/article/SB122394011082730699.html%3Fmod%3Dgooglenews_wsjcid=1257871579ei=7lH1SO78Ao_u6gOs9eybDQusg=AFQjCNFnHGNYqkyDT0quhVtz-PsFpnK3XQDow Takes Giant Leap as Bailouts Snap Gloom/a font size=-1 color=#6f6f6fnobrWall Street Journal/nobr/font/fontbrfont size=-1 class=pa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.greaterkashmir.com/full_story.asp%3FDate%3D13_10_2008%26ItemID%3D5%26cat%3D5cid=1257871579ei=7lH1SO78Ao_u6gOs9eybDQusg=AFQjCNGKeBKZbQqqIKHYhtxz1Opxxc--1QnobrGreaterKashmir.com (press release)/nobr/anbsp;- a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://seekingalpha.com/article/99613-fear-still-dominates-but-probabilities-point-to-an-impending-positive-rallycid=1257871579ei=7lH1SO78Ao_u6gOs9eybDQusg=AFQjCNGb2M7bJ3OrKxnT2MhheOlyEyBS1QnobrSeeking Alpha/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1257871579hl=ennobrall 287 news articles/nobr/a/font/div/font/td/tr/table
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.kfsm.com/Global/story.asp%3FS%3D9178256cid=0ei=7lH1SO78Ao_u6gOs9eybDQusg=AFQjCNHpIpDhbnNZWojJ1yCGH8X2KrtHvAArea cities binvesting/b with restraint, as economy worsens/abrfont size=-1font color=#6f6f6fKFSM,nbsp;ARnbsp;-/font nobr3 hours ago/nobr/fontbrfont size=-1SPRINGDALE - Fluctuations in the economy mean many are worrying about their city#39;s binvestment/b stability, as well as their own. With the national economic b.../b/font/div/font/td/tr/table
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.stuff.co.nz/4726745a1864.htmlcid=1257436136ei=7lH1SO78Ao_u6gOs9eybDQusg=AFQjCNELUE5AGULVoeR6jbU4_4z6BbSo1AMore to binvesting/b than fear and greed/abrfont size=-1font color=#6f6f6fStuff.co.nz,nbsp;New Zealandnbsp;-/font nobrOct 13, 2008/nobr/fontbrfont size=-1A hoarder, without breaking the bank, could maintain their disciplined approach to money but put their money into an binvestment/b vehicle that could net them b.../b/font/div/font/td/tr/table
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://goldnews.bullionvault.com/Goldbug/gold_investment/gold_investing_outlook_increases_mmtc_import_plans_18826621cid=1257552001ei=7lH1SO78Ao_u6gOs9eybDQusg=AFQjCNG4WwFozDtZJX-G4QotAssQNmQvzwGold binvesting/b outlook increases MMTC import plans/abrfont size=-1font color=#6f6f6fBullionVault (press release),nbsp;UKnbsp;-/font nobr5 hours ago/nobr/fontbrfont size=-1quot;The price of gold is bound to go up in the long term, therefore people will hedge by binvesting/b in it.quot; World Gold Council figures put India as the biggest b.../b/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://in.reuters.com/article/businessNews/idINIndia-35948420081014cid=1257552001ei=7lH1SO78Ao_u6gOs9eybDQusg=AFQjCNGHTr3xhPR5VKbWCKjzKv_gidnEhgMMTC sees gold imports up 23 pct in 08/09/a font size=-1 color=#6f6f6fnobrReuters India/nobr/font/fontbrfont class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1257552001hl=ennobrall 9 news articles/nobr/a/font/div/font/td/tr/table
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