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HILLS OUTLOOK April If IMi I Outlook on Business 500 spent means a future loss of over 500000 had lo learn it from my wife She confronted me with the state ment Did you know our youngest son aged 16 cashed in of his mutual fund investments you made for him I had to answer truthfully No I didnt You sec I as a parent had deemed that each of our five children should end up being millionaires at age I knew that if I invested for them at birth and it averaged year through to age which mutual fundi have proven lo do that would be worth over over one and a quarter rntllion at age Mathematics alone tells me that So I in vested that for birth True 1 didnt those formulas when the first two were bom so had to invest a larger amount when they were older You would have to invest in them at age five to have the same result and for a child to end up with In the case of our 16yearold the mutual fund investment had grown to almost it averaged better than He decided he wanted a motorcycle to gel back and forth to work easier since he was 14 hes been working as a packer and carryout person at one of the local supermarkets after school and Sa turdays While he had saved some money he was apparently short so he cashed in some of his mutual funds 1 didnt like it but it also opened up an opportunity to get a message across Remember asked him the nd- ITS YOUR MONEY took the one cent the lirst day and then doubled each amount in the suc ceeding days would you sit down and double every five years starling at age through to age and tell me what answer you get I gave him a pencil and paper and die you posed to me a few months ago The one where you asked if Id rather have J 100 000 for working the full 1 days of a month or being paid one cent the first day the second day the third day and so doubling the amount every day for the days Do you remember the Certainty he replied The per son who took the penny the first day two cents the second day etc ended up with over million in total pay S2I475399 be exact for the 31 days That was much better than the offered for the month Now responded lets apply the same principle to your life Re member that monies averaging 15 per cent per year double in value every five years Just like the worker who OPTICIANS Centre 21 1 Si Georgetown 8733937 REGULAR TIME CLEANING SILVER POLISHING CLOSETS CUPBOARDS LAUNDRY WINDOWS ETC REFERENCES TiUof Our Service To Sort Your FREE ESTIMATES BONDED 8771724 TDEALl on a new 1988 car worth a lmknrtB drive to MBton NISSAN MICRA BUIITPORTHEHUMANRACE NORTH END NISSAN in 10 MARTIN ST MILTON i mi ii 1 1 TiiVr asked him to figure it out which he went away and did When later asked for the answer he told me the at age if doubled every five yean would be worth 1 at age 66 Thais over onehalf million dollars He was right His comment Gee Dad I better replace that as soon as I can I hadnt asked him to Possibly thai was the best ex penditure he ever made or will make because it was used to teach a valuable lesson Too many or us save or use our savings to spend Now without giving a thought as to how much that now expenditure cost us in lost fu lure bene fits If we are saving to build a second income first income is YOU AT WORK second income is MONEY we should allow it to build add to it regularly from our first income until such time as we feel comfortable that that sec ond income is sufficient to support us For mew Information write Mataon MBA Regal Capital Pliuen Lb an Drive PAUL J It of book Why t In Mufeari Fund and Praaldant of Ragal Capital Autohaus Georgetown Inc outFoxes the competition NORM ARMSTRONG down payment and OSTaxtraOAC Autohaus Georgetown Inc 1M QiMlph St M Mountakivtaw 8775285 TOR