healthmyths
Platinum Member
- Sep 19, 2011
- 29,315
- 10,773
- 900
IT is a FACT. Called "compound interest" and used by the wealthy to accumulate wealth is available to EVERYONE!
But the OWS/Democrats/Liberals/progressives are against letting the ordinary worker to ever accumulate millions!
Proof? OWS/Liberals/Democrats will NOT allow the privatization of Social Security! They are all against the worker accumulating money without government nanny state.
Proof it will work? Go to this site:
Compound Interest Calculator
An ordinary worker starting age 23 earning $30,000 for 10 years and salary increases 20% for 42 years will have $278,000 deducted from paychecks!
At 3% compounding rate annually, ordinary worker saves: $685,000!
At 8% compounding rate (average of investing for 40 years) $3,249,880!
A millionaire .. IF only the liberals/democrats would let the ordinary worker direct the mandatory deductions of Social security/Medicare payments...
But the OWS/Democrats/Liberals/progressives are against letting the ordinary worker to ever accumulate millions!
Proof? OWS/Liberals/Democrats will NOT allow the privatization of Social Security! They are all against the worker accumulating money without government nanny state.
Proof it will work? Go to this site:
Compound Interest Calculator
An ordinary worker starting age 23 earning $30,000 for 10 years and salary increases 20% for 42 years will have $278,000 deducted from paychecks!
At 3% compounding rate annually, ordinary worker saves: $685,000!
At 8% compounding rate (average of investing for 40 years) $3,249,880!
A millionaire .. IF only the liberals/democrats would let the ordinary worker direct the mandatory deductions of Social security/Medicare payments...