Al-Marsad Newspaper: The writer, Fahd Al-Ahmadi, revealed a plan to get rich, increase income, and develop a person’s financial resources.
more income
He said during an article published in Al-Eqtisadiah newspaper entitled “Your Next Plan for Wealth”: “I was in my teens when I went to America to learn English, and at that time I used to listen a lot to radio talk shows to develop my language skills. There was an economic program that answered people’s questions and guided them to How to increase their income and develop their financial resources. I quickly noticed that most of the questions relate to two main issues that “we do not care much about in our local community”:
The first: How did he get rich before retirement age? And the second: How do I collect university tuition for my children when they grow up?
The advice always included the following steps:
* Decide first the amount of wealth you want in the future, and the amount you can save these days.
* Invest the “amount” in shares of large companies or put it in an investment fund that has proven its profitability in the last ten years.
* Add to the fund a monthly installment of your salary, or buy more shares with it every month.
* And when you decide to implement this plan, implement it strictly and permanently “and do not withdraw from it for any reason” until you reach the age of retirement or your children reach the age of youth..
Applying this plan is enough to make you rich according to the years you have before retirement age.
plan man Business
He continued, “I personally know a businessman who put 300,000 riyals in three stock funds,” and this is first with a second. “As for the third,” he authorized the bank to deduct five thousand riyals from his monthly income, to be added to these funds for the benefit of his children after 15 years, “and this is fourth.” !
And he added: If he adheres to this plan, he will have 5,522,946 riyals after 15 years. But if he implemented it 30 years before his retirement, his profits would rise to 45,948,240 riyals!
one thousand Rial
And he continued: Of course someone will say, “But not all people can save five thousand riyals a month like your businessman friend,” and because this is true, I will reduce the monthly savings to only one thousand riyals.
3 Millions
He added: In this case, he will receive more than three million “after 15 years,” and more than 25 million “after 30 years.” He noted that these profits were achieved thanks to an average annual rise of 15 percent in the stock market. This number is small compared to the 39 percent in which the market rose at the end of 2007, 27 percent at the end of 2009, 25.5 percent at the end of 2013, and 30 percent at the end of 2021.
deduction monthly
He said, what is really important is your commitment and patience in implementing this plan. Your commitment to the monthly deduction and not withdrawing from the balance even if you had to go to prison, and your patience because the profits grow in a compound way, and multiply by a larger size in the last years, “and this is the secret of the big difference in profits between 15 and 30 years.”
to implement the plan
He concluded by saying: My advice to you is to go to the bank tomorrow to implement this plan. The best time to implement it was the day you received your first salary, and the second best time is the day after you read this article.
2023-06-04 23:43:45
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