Money Changes Everything • about the book • table of contents • buy the book • meet erlend Book Excerpts • investing basics • controlling cash flow • mutual fund investing • insurance • saving for retirement • tax planning Resources |
Mutual Fund Investing
Learning Center • financial tips • cash reserves • insurance • savings accounts • growth investments • taxes • retirement • estate planning  |
When Bobby and Tina first met Erlend, they knew nothing about mutual fund investing. They quickly learned how $5 per week can grow to $223,300 in 40 years. Money invested in a well-chosen mutual fund can earn an average of 12% per year, while bank accounts pay 1% to 5%. Look at the difference over time. The investment returns per dollar are staggering and for only $5 per week!
Invest $5 per week ($260 each year) in a tax deferred IRA Mutual Fund
|
Cash Kept in Sock Drawer
|
Savings
Account at 5% |
Mutual
Fund at 8% |
Mutual
Fund at 12% |
|
|
in 1 yr.
|
$ 260
|
$ 261.30
|
$ 280.80
|
$ 291.20
|
|
in 2 yrs.
|
$ 520
|
$ 559.50
|
$ 583.90
|
$ 617.20
|
|
in 3 yrs.
|
$ 780
|
$ 860.00
|
$ 911.00
|
$ 982.00
|
|
in 4 yrs.
|
$ 1,040
|
$ 1,176.00
|
$ 1,265.00
|
$ 1,391.00
|
|
in 5 yrs.
|
$ 1,300
|
$ 1,508.00
|
$ 1,647.00
|
$ 1,849.00
|
|
in 6 yrs.
|
$ 1,560
|
$ 1,856.00
|
$ 2,059.00
|
$ 2,363.00
|
|
in 10 yrs.
|
$ 2,600
|
$ 3,432.00
|
$ 4,066.00
|
$ 5,109.00
|
|
in 15 yrs.
|
$ 3,900
|
$ 5,889.00
|
$ 7,623.00
|
$ 10,850.00
|
|
in 20 yrs.
|
$ 5,200
|
$ 9,024.00
|
$12,840.00
|
$ 20,970.00
|
|
in 25 yrs.
|
$ 6,500
|
$13,020.00
|
$20,520.00
|
$ 38.810.00
|
|
in 30 yrs.
|
$ 7,800
|
$18,130.00
|
$31,790.00
|
$ 70,250.00
|
|
in 35 yrs.
|
$ 9,100
|
$24,650.00
|
$48,380.00
|
$125,600.00
|
|
in 40 yrs.
|
$10,400
|
$32,960.00
|
$72,720.00
|
$223,300.00
|
Are you willing to make the changes needed so that you will be financially secure in five or ten years?
Money Changes Everything is $9.95. Shipping and handling is $5.00 for the first book and $1.00 for each additional book per order. Buy now…
Peterson Money Books
Book: MONEY Changes Everything, by Erlend Peterson, CFP
Seven Simple Steps That Will Make Money Work For You!
money changes everything | rich by choice | challenge of wealth
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