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Never Spend Return On Your Investment If You Want to Build Wealth
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[QUOTE="Jasmine, post: 264300, member: 49159"] For a lot of people investment is a way to build a passive income source, therefore, they invest in high yield dividend stocks, security bonds, mutual funds, S&P 500, etc and start withdrawing their return on investment and use it to pay for the things that always wanted to, for instance buying car, going on a vacation, etc. It might look good strategy because you are only utilizing return on your investment while your principle investment remains the same, however, this is not a good strategy if you want to build wealth. If you have invested $1000 and receive 10 percent return on investment in a year, you can either withdraw $100 and spend it or reinvest your return on your investment and try to compound your returns and make your portfolio grow by 2-3 times in 2-3 years. Doesn’t it look good when your $1000 portfolio becomes $2000 in 5 years, instead of spending all your profits. [/QUOTE]
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Never Spend Return On Your Investment If You Want to Build Wealth
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