People always say time is money, so how much do you make or you can potentially make in an hour, minutes or perhaps seconds?
This is not a question of how rich or poor you are but rather how do you spend your time and make it worth every second. And if you are not happy about it, are you willing to change yourself and do much better? And how?
Tangerine brought up this topic on one of our previous Iring reviews and it got me thinking about how much a millionaire makes every second. Here's a helpful link on how to calculate how much you make and can potentially make if you have as specific target income.
Mathematically, say a person who makes roughly a million on a monthly basis would have these breakdowns:
Per day: $32.876.71
Per hour: $1,369.86
Per minute: $22.83
Per second: $0.38
This calculation however reflects on working round the clock non-stop unless it's passively earned i.e you don't have to be in the office 9-5. i.e having income while you're having your breakfast/lunch/dinner or even in your sleep.
That leads to my second question: is it even possible to earn say 38 cents per second without putting in maximum time for work?
Let's look at the possible investments there are around us and what kind of returns we can reap with time.
Let's compare this with the "Rule of 72" which is a fair estimate on how long your investments take to double in a period of time.
For example, the rule of 72 states that $1 invested at 10% would take 7.2 years ((72/10) = 7.2) to turn into $2.
In reality, a 10% investment will take 7.3 years to double ((1.10^7.3 = 2).
Rate of Return | Rule of 72 | Actual # of Years | Difference (#) of Years |
2% | 36.0 | 35 | 1.0 |
3% | 24.0 | 23.45 | 0.6 |
5% | 14.4 | 14.21 | 0.2 |
7% | 10.3 | 10.24 | 0.0 |
9% | 8.0 | 8.04 | 0.0 |
12% | 6.0 | 6.12 | 0.1 |
25% | 2.9 | 3.11 | 0.2 |
50% | 1.4 | 1.71 | 0.3 |
72% | 1.0 | 1.28 | 0.3 |
100% | 0.7 | 1 | 0.3 |
In SRDC, an USU student can make roughly 10%-20% a month. Iring students and above makes roughly 40% per month and some, much more than that.
Let's start with a $300 account, and an average ROI of 50% per month with no added on capital. Let's see what happens after exactly one year.
Month
|
Capital
|
Total
|
1
|
300
|
600
|
2
|
-
|
1
200
|
3
|
-
|
2
400
|
4
|
-
|
4
800
|
5
|
-
|
9
600
|
6
|
-
|
19
200
|
7
|
-
|
38
400
|
8
|
-
|
76
800
|
9
|
-
|
153
600
|
10
|
-
|
307
200
|
11
|
-
|
614
400
|
12
(1 year)
|
-
|
1
228 800
|
This is just fairly an estimated calculation but these numbers don't lie. Businesses in relation to Forex trading is a multi-trillion dollar industry (daily!) and I don't see why we shouldn't take advantage of this opportunity. Imagine just having 0.01% of a trillion dollars beats a yearly income of most executives.
In SRDC, we learn how to analyze the market via Technical Chart Analysis with a proper system complete with a mentorship programme mainly focusing on Psychology, the most vital part and makes 90% of trading. The other 10% is Skill.
Since last year, we have a significant increase in international SRDC members and students and we also cater to them via video conferencing and of course have access to SRDC offices and schools around the world.
(Check out www.srdcworldwide.com to see where our schools are located)
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