By Samuel Taube
When people hear the saying “time is money,” many picture a boisterous manager hounding his employees in a Glengarry Glen Ross-esque sales office.
The phrase is often associated with running a business. But as you can see from this week’s chart, it’s equally true for ordinary people saving for retirement.
A saver who invests $24,000 at age 21 and retires at age 67 can end up with almost eight times more money than one who invests the same amount at age 47. In other words, each year you don’t put away money could end up costing you tens of thousands of dollars when retirement rolls around.
Oxford Club Options Strategist Karim Rahemtulla is acutely aware of this problem, and he’s been promoting two reliable methods for maximizing your return on your time.
Method No. 1: Start Early
The most foolproof method for turning your time into money is pretty obvious: Maximize the time you have to save and invest.
It might be too late for you to start investing at age 21… but you can still give your kids an early start. In a recent Wealthy Retirement article, Karim wrote about his experience convincing his two daughters (both in their early 20s) to open retirement accounts…
Last week was a breakthrough of sorts. I managed to do the impossible… I got them to set up a retirement account and fund it…
Here’s what I did. I sent them both texts (that’s how we communicate these days), telling them about an opportunity where they could invest $100 and triple their money in 15 minutes. Being my daughters, they were extremely skeptical…
But I convinced them that I stood behind my word. My goal was just to get them to the brokerage firm and set up an account. It would cost me a total of $400 (I added $200 to each of their $100 accounts), but it was money well spent.
Of course, not all of us have the spare cash to match our kids’ IRA contributions. And many of us need to fund our own retirement accounts before we start worrying about the next generation.
If you don’t have 40 years to grow your money, how can you maximize your return on the time you have? Fortunately, Karim has another easy solution for people in this situation…
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Method No. 2: Learn to Make High-Yield Investments With Short Turnarounds
Karim is also a big fan of short-term investments that quickly produce income or capital gains.
At first, you might think he’s referring to ultra-risky speculative investments. And indeed, many short-turnaround, high-return investments involve a lot of risk.
But not all of them do.
In fact, Karim is an expert on a safe, lucrative and relatively obscure investment technique that can generate payouts as high as $2,195 in as little as 71 seconds.
To date, he and his subscribers have not lost money on any of these fast and profitable trades.
And next week, Karim will host a live training event where he’ll teach you the secrets of this oft-overlooked technique… for free.
Click here to claim your spot …read more
Source:: Investment You
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