Archive for October 10th, 2008

Plan For the Future

A person who graduates from high school, goes on to university, attends medical school, earns a doctorate, perseveres through internship and residency, and then after ten or more years of training becomes a doctor, has long time perspective. He has earned the right, through years of sacrifice and delayed gratification, to prestige, status and a high standard of living. That ten to twelve years of work and study is an investment in his career for the rest of his life. His long time perspective will also assure a higher standard of living for his children, better schools, and more opportunities. His children will very likely will marry better, have higher social and economic aspirations, and will live better lives.

The time perspective of a doctor investing ten or more years in education at the beginning of his career may be one or two generations, 50 to 70 years. We intuitively sense that a doctor, someone who has dedicated so many years to learn his craft so that he can attend to us and our families when he is most needed, is a person who has earned our respect and esteem. This appreciation for long term thinking may be why the family doctor is usually at the top when surveys of the most respected people in society are compiled.

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The Miracle of Compound Interest

As it happened, I had just been reading about how much a person would have to save to become financially independent. I knew that if a person saved $100 dollars per month from the age of 21 to the age of 65, and he earned an average return of 10% on his savings over that time period, he would be worth more than $1,000,000 by the time he retired. I suddenly realized that that young man, living in a group home, repairing furniture, with no advantages or opportunities, could actually become wealthy. If he just kept saving one hundred dollars per month, he would retire wealthier than 95% percent of the population.

He would end up better off than most doctors, dentists, lawyers, architects, engineers, salespeople, small business owners, corporate executives, and people in show business. All he had to do is save $100 dollars per month and he would retire financially independent. If he could discipline himself to save every month, the power of compound interest would do the rest.

Making money is a basic skill. It takes knowledge and practice to master, but since hundreds of thousands, and even millions, of men and women have learned how to make money over the years, it is obviously a learnable skill. In fact, if you can drive a car, operate a cell phone, use a computer, or carry out many of the standard tasks that are a part of daily life, you definitely have all the intelligence and ability you need to earn all the money you want.

In the pages ahead, I will show you a variety of ways to achieve financial independence, and even get rich in America. After that, it is up to you to take action, and keep on taking action until you get the results you desire.

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Helping My Best Friend

Today is tiring day for me. Along this day I help my best friend arrange his new house. He decided to rent the bigger house because he have a baby and his mother want to live together with him to help care the baby, so he need house with more room. At the morning, we started by remove all current houses content to the new house. It’s very hard because a lot in big size, as sofa, cupboard, bedroom furniture and many more. We finished it on half day.

After lunch and break for a while, we continued by arrange all of things in the new house. He is very happy with his baby so we arrange his baby’s room first. We fill the room with modern bedroom furniture. After completed the room looks very nice and futuristic, of course because he has prepared it since a long time ago. He promised if he has a baby he would give a nice place as a gift for his baby. We had tea break and talked about the room.

Then we arranged other rooms, we placed all same as the condition at current house. But in this new house has room more, I think for next time might be needed to buy some furniture to complete all room. We arranged bed room with contemporary bedroom furniture.

At finally, we installed electronic devices especially on his work room and the family room. When finished all devices look be natty at its place. We have completed all jobs, now his wife’s turn for helping to clean the house because of our activity since this morning. We are very happy and take rest for a while then we have dinner together. I say to him if tomorrow he needs to be helped again, I will come. He answers “OK” and says thanks a lot. After it, I take leave because it is already night.

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