Taxes Wreak Havoc

I had heard a few years ago that if you double the number of pennies you have every day, then in one month you will have $10,737,418.23. So, today you have one penny, tomorrow two cents, then four, and you continue doubling every day. WOW! ALMOST $11 million! Now lets introduce a 28% tax – so, today you have one penny tomorrow you have 1.72 cents, the after you have $3.44 and so on and so forth. How much money do you have at the end of the month? $4 millions? $2 millions? $1 millions? NO! $40,000!

Now that is something!

It means you should invest before tax dollars as much as you can, and not jump at a rate re-finance just because the rate fell by an eighth or a quarter.

Write to me to learn more.

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