There are TWO ways to increase the money that you have (in other words to increase your wealth)
1. By Adding
2. By Multiplying
Consider case 1:
John earns $500 per week. He spends $400 each week and puts away $100 into his money-box. This way John is increasing his money by $100 per week
In approximately 100 weeks he would have increased his wealth by $10,000
i.e $10,000 / $100 per week = 100 weeks (approximately 2 years)
Consider case 2:
James earns $500 per week just like John. He spends $400 each week just like John. However he invest $100 per week with an approximate 10% return per week. This could be an investment in his own Website to increase site look & feel or SEO optimization or marketing or promotion or one of thousands of other techniques.
How long will it take James to make his $10,000?
About 6 months his savings will increase by about $11,000 and after 100 week he will have $13 MILLION!
Thus if you thinking of making it big think of a way to multiply your wealth instead of adding to your wealth
