I got 5 on it

Posted on Updated on

5ooo

Secrets? Apparently Victoria had one.  Apple had one concerning their logo and the bite mark.  Some rich people have family members that start Gerber accounts for the newborns that grow in interest till 18.  McDonald’s yellow arch….(whoa….say that again!)  Which part? (Gerber accounts for newborns?)  Oh yea it’s been around for ages.  The rich families open a new account for each of their newborn children.  Family members would then donate to that specific fund.  I don’t want to bore you but let’s do a little visual math:

RICH FAMILY: I only have 5 shown here but the concept is that family members invest until the fund reaches $5000.  Aunts, uncles, grandparents, etc… from both sides of the family, from her side and from his side.  Everyone invests!  It may take a year, maybe even a few years.  Once $5000 is reach the investing is done.  This account is often left alone until the child turns 18 or 21 years of age.  Is this making sense now?  Let’s get into it a little deeper!  They say a picture’s worth a thousand words.  I got 5 on it!

For example: Let’s say it takes a year to to reach $5000

baby5

$5000 @ 12% Interest (3% Inflation)

5k

Principal Invested – $5ooo.00 in 20 years $55,094.16

Balance in 20 years – $55,094.16

In conclusion, because the pictures are saying more than I am, my10cents, how old are you & what are you waiting for?

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s