Question 1:
If you wanted to make $250/month off of interest from a bank that gave you 3% what would you need to have in the bank?
Answer: $100,000
$100,000 * 0.03 = $3000/yr = $250/month
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Question 2:
If you wanted to make $2500/month off of interest from a bank that gave you 3% what would you need to have in the bank?
Answer: $1 million dollars.
Just think about this for a second. You would need have banked 1 million dollars just to get $2,500/month. How many people do you know have $1million in the bank? Actually, the more important question is: How many people do you know could live on $2,500/month? No many.
So just to get $2,500 which won't help anyone retire today you would need $1,000,000 dollars.
There are easier ways to making this type of money. Money you make even in the recession. You could be on another continent and not even worry about vacation days since you set your own time. This can happen. Of course work is involved BUT the work isn't like a normal job where you only get paid once for your efforts.
Realize that getting paid over and over again for selling something one time is magical. Not many things today allow a home business to be "recession proof" in this way.
I have found that way.
The way to get paid and not have to bug someone to buy from you again every month. A product that people have budgeted for every month. It's not a magical pill or the next toaster. It's energy. Everyone who pays their electricity/gas bill understands you don't live without this LIFE ESSENTIAL service. Go without electricity for a couple days and let me know how that feels.
