The Fastest Way to Lose a Million

The plunging stock market of 2008 has brought many high fliers back to earth. Even the richest and most successful investor of all time, the incomparable Warren Buffett, lost a cool $25 billion in 2008. Still, with a fortune estimated at $37 billion, at least he can afford to lose $25 billion.

That is more than can be said about an Israeli woman only identified as Anat's mother. According to a report on the BBC, Anat had bought a new mattress for her mother as a surprise and threw away the old one. But when the older woman returned home she "almost fainted", as she had hidden her entire life savings of $1m inside the mattress.

A search of three landfill sites has so far turned up nothing. It appears the loaded mattress has been shipped to one of two larger landfill sites, along with another 3,000 tonnes of rubbish collected that day.

Now before you jump on a plane to Israel to try and find the money, we must consider the mistakes made by Anat's mother.

0% Growth

Anat's mother made the classical mistake of not getting any return on her $1m stashed in her mattress. By putting it in her mattress she gained a 0% return on her money. Not good investment sense.

Most people will never accumulate such vast sums of money. Without an inheritance, or winning the lottery, we have virtually zero chance of getting anywhere near $1 million, or £700,000, simply by stashing money under the mattress. Over a 40-year working life, it would require you to save £17,500 each and every year.

Another way to make a million!

Instead of having to stash $1m in a mattress over a 40 year period, Anat's mother could have used the power of compounding to help her build her weatlh.

Courtesy of the miracle of compound returns, you can get much closer to accumulating $1 million, or £700,000, that you'd have otherwise ever thought possible.

If you managed to save £200 a month, every month for 40 years, and earned an 8% return over that same time, you'd accumulate just short of £700,000, or $1 million. Not so impossible now?

By perhaps cutting back on say, gym membership, which you never use, or by making your own lunch, suddenly you could be saving £200 per month, which you could invest to achieved good compound returns edging you to $1m.

It IS possible to accumulate great wealth

By understanding the power of compounding and learning about investing, you could take control of your own financial destiny. Over the last 100 years the stock market has proven to be the best investment vehicle for maximum wealth accumulation. By leaving your money in a bank at very low interest rates is almost as bad as putting it under the mattress! Couple investing with building a successful dental business you then have the perfect ingredients for massive wealth accumulation.

To find a way to Master your Wealth, and accumulate the wealth you desire you need to know the strategies and possess the psychologies to achieving wealth accumulation. This is through entrepreneurship AND investing. You may be sceptical, perhaps even doubtful, but I can assure you there are many secrets and tips the financial community DO NOT want you to know. If you want to learn these investment secrets plus the rules of successful dental business growth then you must book yourself on my "Master your Wealth" event on Friday 19th June at the London Stock Exchange.

See you at the World Aesthetic Congress (WAC)

Finally, Samera will be at the WAC this year, with our trademark red t-shirts (and shoes) so come on by and say hello. We are here to help, and if you really want to know how you can get a great tax and accountancy service PLUS practice management for free, then come and talk to us.

We are all here to help you.

Have a brilliant day

Arun