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Showing posts with the label retirement plan

Understanding Compound Interest

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UNDERSTANDING COMPOUND INTEREST Albert Einstein is recorded as saying:  "Compound interest is the 8th Wonder of the World...   He who understands it, earns it...he who doesn't pays it!" There is an interesting calculator you can play around with at:   https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php Now that you understand Compound Interest, you will better understand our 5-year plan to Financial Freedom:    https://fast.wistia.net/embed/iframe/vrqnirsx14?autoplay=0&wmode=transparent Who Knew A Little Simple  Calculator Could Be So Life-Altering? In today's training, you are going to discover just how life-changing this simple the little calculator can be if you employ our system and we hit our targets! We know most people are behind on key financial milestones like: Retirement College Funding Paying Off Student Loans G...

Why this Blog Page?

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I am self-employed and 54 years old, currently residing in South Africa. Our currency and our Country's financial prospects are bleak indeed.  We find ourselves in a situation where our State-Owned Enterprises (SOE) such as ESKOM (national power utility), PRASA (Passenger Rail Agency of South Africa), DENEL (national defence and security technologies), SAA (national airways), SABC (national broadcaster) and most others are so mismanaged and subjected to blatant corruption so that they can no longer be sustainable and now even their pension funds are in danger and private pension funds and annuities are forced to invest a portion of their funds in these SOE's.  In short, there is no job security, a recession and a more than 50% unemployment rate and also pension funds are not really a safe option and taxed to the hilt.  To substantiate my opinion that even our official pension funds are not safe, see this recent article by well-known Economist, Mr Mike Schussler in t...