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::::::::How Anyone Can Be A Millionaire Doing Any Business With 50,000:::::::: - Business - Nairaland

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::::::::How Anyone Can Be A Millionaire Doing Any Business With 50,000:::::::: by myforexsolution: 2:31am On Dec 12, 2017
It has been said that it is better to receive 10 naira (which will be compounded at 50% daily)
than to receive 500,000 naira, which will not be compounded at all.

The reason is clear - compounding 10 naira at 50% daily leaves you with over N1.9million after 30 days while the N500,000 remains the same, just the way it was. It perhaps even depreciates with inflation.

So I did some simple math some time ago to look at what becomes of N50,000 when we compound it at 20% every month.

After the 1st year, it becomes N445, 805
After the 2nd year, it becomes N3.97 million
After the 3rd year, it becomes N35.44 million
After the 4th year, it becomes N315.987 million

Maths don't lie.

Take out a hand calculator (or the calculator on you laptop or desktop)
and hit 50,000 X 1.2

Then hit the "enter" button once to see the interest (at 20%) for one month.

Hit it twice to see the compound interest for 2 months.

Hit is thrice to see the compound interest for 3 months, and so on and so forth.

It doesn't matter what business we do (whether we sell groundnuts or import steel for income) if we are able to continuously compound N50,000 at 20% per month, those are the resulst we will get.

So why are we not all millionaires?

I think among other reasons, there are 3 easy-to-identify reasons why want abundance but have failed (generally speaking) to employ the powers of compounding interest in our personal finances

1). We just do not know. Our attention has not been drawn to it.

2). We think it is too slow. Really, at first the growth is slow.

3). Many business models get cumbersome to manage if we keep scaling up at 20%/month and at a point will hit a point of diminishing returns, the only way to circumvent which will require a really high of dosage of extra financial, emotional and other investments that most are not willing to make. Even if these investments are made, these investments are not made speedily. Deep thought is taken within what is usually an organisation to determine if it is the right time for a major expansion. Cut long story short, with many business models, it is H-A-R-D.

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Re: ::::::::How Anyone Can Be A Millionaire Doing Any Business With 50,000:::::::: by myforexsolution: 2:55am On Dec 12, 2017
I have come up with a method that sould make anyone be able to eaily scale up at 20%/month without having an organisation or altering their lifestyle. Without even leaving their current job.

The forex maret provides the only biz model in which you may compound your money by 20% monthly...

...ONLY IF YOU KNOW HOW TO TRADE

UNFORTUNATELY...

Learning how to trade, you will lose your money

The truth is that that is just the learning curve. The learning curve involves losing your money.

No one gets to the point of consistency in profits without losing some of their hard earned money
along the way.

That is the price of learning.

The question is... "Are you willing to pay that price?"

If you are, then you need to connect with someone who knows what he is doing so he can teach you and then you work on to consistence in your personal performance.


But...

How long it will take an individual to achieve consistency, no one can say before hand.

It will take some 3 months (the fast ones). It will take some 3 years. It could take soe more.
It is during this period that people quit. Anyone that persists, tries to find out why he is losing, and tries again and again, each time coming with a new/modified psychological approach, will eventually be successful.

But only few can endure this period and that is why only few are succeeding with their trading (it is said that 91% of all traders suffer a net loss).

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Re: ::::::::How Anyone Can Be A Millionaire Doing Any Business With 50,000:::::::: by myforexsolution: 2:57am On Dec 12, 2017
BUT WHAT IF YOU COULD CUT OUT THE LEARNING CURVE, and all that period where the new entrant typically loses his/her money in the course of learning and start being profitable right from your first week?

That is what my (temporarily) free and self-executing strategy does for you.

You do not need to lose when you start. While learning, you do not need to lose.

I have encoded this strategy into an EA and you don't need to execute the strategy as the strategy is faithfully executed for you (everyday) whether you are available or not...

...And I am giving it away for free between now and the second of January 2018.


I provide free support for the use of my EA and it is accessible only in my forex group, www./myforexsolution/

Please do hop over there right now and download your free copy now. It is programmed to not be free anymore from the 2nd of January in 2018.

1 Like

Re: ::::::::How Anyone Can Be A Millionaire Doing Any Business With 50,000:::::::: by amInigerian: 1:23pm On Dec 12, 2017
really? smiley
Re: ::::::::How Anyone Can Be A Millionaire Doing Any Business With 50,000:::::::: by amInigerian: 5:42pm On Dec 12, 2017
Can you place the link to the EA here?
Re: ::::::::How Anyone Can Be A Millionaire Doing Any Business With 50,000:::::::: by Konquest: 7:55am On Apr 29, 2021
myforexsolution:
It has been said that it is better to receive 10 naira (which will be compounded at 50% daily)
than to receive 500,000 naira, which will not be compounded at all.

The reason is clear - compounding 10 naira at 50% daily leaves you with over N1.9million after 30 days while the N500,000 remains the same, just the way it was. It perhaps even depreciates with inflation.

So I did some simple math some time ago to look at what becomes of N50,000 when we compound it at 20% every month.

After the 1st year, it becomes N445, 805
After the 2nd year, it becomes N3.97 million
After the 3rd year, it becomes N35.44 million
After the 4th year, it becomes N315.987 million

Maths don't lie.

Take out a hand calculator (or the calculator on you laptop or desktop)
and hit 50,000 X 1.2

Then hit the "enter" button once to see the interest (at 20%) for one month.

Hit it twice to see the compound interest for 2 months.

Hit is thrice to see the compound interest for 3 months, and so on and so forth.

It doesn't matter what business we do (whether we sell groundnuts or import steel for income) if we are able to continuously compound N50,000 at 20% per month, those are the resulst we will get.

So why are we not all millionaires?

I think among other reasons, there are 3 easy-to-identify reasons why want abundance but have failed (generally speaking) to employ the powers of compounding interest in our personal finances

1). We just do not know. Our attention has not been drawn to it.

2). We think it is too slow. Really, at first the growth is slow.

3). Many business models get cumbersome to manage if we keep scaling up at 20%/month and at a point will hit a point of diminishing returns, the only way to circumvent which will require a really high of dosage of extra financial, emotional and other investments that most are not willing to make. Even if these investments are made, these investments are not made speedily. Deep thought is taken within what is usually an organisation to determine if it is the right time for a major expansion. Cut long story short, with many business models, it is H-A-R-D.

Compounding @ 20%/50%

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