Elevation Group Video Preview Compound Interest
Tips by the Elevation Group on the Secret to Wealth (Compound Interest)
There are many reasons why American’s have become poor investors, but perhaps the biggest reason may lie in the fact that we love instant gratification.
Stephen Covey in his best seller ‘7 Habits of Highly Effective People‘ labeled our generation the ‘Want it now’ generation. We want everything that it took our parents a life time to earn, and we want it now. This mentality affects our investment strategies as we seem to want to take greater risks in an effort to get money now rather than compounding our money over long periods of time.
Elevation Group Compound Interest | Let’s Play A Game
Suppose I came up to you and offered you the following choice:
1) I will pay you $100,000 right now or
2) I will give you one penny and double that amount every day for the next 30 days
Which offer would garner you the most amount of money? The answer may surprise you…
Elevation Group Compound Interest | Video with Paul Haarman
Here’s a brief video with Paul Haarman discussing the value of compounding interest.
Elevation Group Compound Interest | Who is Paul Haarman?
As CEO of the Renaissance Companies, Paul works with busy professionals who either dread or just can’t find the time to plan for their family’s future. Using transformational learning experiences, Paul and his team give their clients a New Perspective on wealth that reveals all the assets in their lives, from health to relationships to legacy – what they call True or Intrinsic Wealth. On that foundation, they provide an Integrated Wealth Plan: a comprehensive set of innovative strategies, automated systems, human resources and services that serve as a blueprint for painlessly achieving their clients’ desired financial future. Primarily, everything revolves around the gratitude principle and giving back right out of the gate. The legacy component is a mission to leave this world a better place, not just for immediate family and heirs, but for all beings … which are the true heirs of the legacy we leave behind.