Bankruptcy
Amy Z
lupinesque at yahoo.com
Fri Feb 13 02:11:40 UTC 2004
Steve "Financial Planner" bboy wrote:
> consider that at a 3%
> annual interest rate, you are generating $3 million per year in
> additional income. Three percent is about the equivalent of a
CD
> (certificate of deposit) at a bank. Invested wisely, you should be
> able to get a return of 5% to 15% per year ( $5 million to $15
> million/yr ).
>
> The people who drive themselves into the ground are the
people who
> don't realize that the money train doesn't run forever.
Or rather, that it *does* run forever if you just abide by the simple
rule of the intelligent rich: Never Spend Your Capital.
I once entertained myself figuring out how much money Ross
Perot would make every year if he just put his billions in a
savings account that paid the usual under-2%. It made me feel
a little ill.
Amy Z
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