Would you like to earn for life even after you stop working? The power to change your earning power tomorrow is in your hands now. When others retire and suffer trying to make ends meet, you will be smiling all the way to the bank to collect big cash to enjoy retirement like royalty. All required of you is to delay gratification just for your first 20 years of work. Am not asking you not to enjoy life but am only saying that you can deny yourself 15K of your salary but ensure you earn 6 figures income for life. Won’t it be worth it? Let us see how this works;
15000/= every month for 20 years will be 3.6million but under the power of investments and compounding interest, it will be 11million.
At maturity, the money if invested in our money market fund, then it yields approximately 67,000/= monthly. Through this 20 year period, you get a Life Cover worth 150K free of charge.
By now you don’t save your 15,000/= meaning your normal income increases by 15K. From your monthly yield, you can now choose to keep 27,000/= and add it to your income, then the remaining interest you dedicate 40,000/= monthly in another of our investment as the first one for the next 20 years and at maturity your money will be 29million. Remember your monthly income all through this period has increased by 42,000/=. Through this 2nd 20 year period, you get a Life Cover worth 400K free of charge.
At this point you have been faithful enough and I believe it is time you start enjoying the fruits of your labour. You will be approximately around your retirement age or rather around 65yrs old. Your total cash will be 40million. Even if you chose to stop working, you can invest it all in our money market fund your monthly yield will be Ksh.240,000. This is exclusive of your other sources of income. With that much you can be a blessing in this generation and you can now go for all the tours, build an inheritance for your Children, and their children’s children.
Someone earns 15Kless than you and they still manage through life, therefore it won’t harm you as much as you think, you too can reduce your expense and survival means right now to be able to get that cash monthly. I know you can do that, but please, START NOW!
Email me your contacts to botachi@gmail.comfor further personalized investment plans and advice. Be financially smart. (Brian Otachi is an accredited Personal Financial advisor working with Old Mutual Kenya Ltd.)
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