“How you become a millionaire – to do nothing,”
“the Expert’s tip: Let your money work for you”
“Sure, you can get rich to lie and laze in the hammock. nLåt your money work for you is the expert and author Per H Börjessons advice. “
“– All want to become millionaires. It should be simple, effective, and be as low risk as possible, ” he says.”
“Saves you ten percent of your income for 40 years. Yes, then you are actually multi-millionaire without having been particularly active, but it takes time.”
“It takes Per H Börjesson, president of investment company Spiltan, fixed on the in his new book ”how to become a Millionaire in the hammock”. “
“the compound Interest effect is the world’s eighth wonder of the world, he says.”
” If you are 25 years and saves in the 40 years until you are a pensioner every year, you save a big impact. You may return on the past return each year, but people miss it, ” he says.”
“Become a millionaire on your own.”
“To take the advice from banks is not always necessary, like Per H Börjesson. “
“He wants to strike a blow for you actually manage to become a millionaire all on his own.”
“– All want to become millionaires. It should be simple, effective, and be as low risk as possible. The financial markets are trying to sell to you is not capable of it yourself and that you need help. My understanding is that you have the character to follow the advice that I give, you can do it yourself. But perhaps it is not everyone who has it.”
“His earlier books have been more focused on how you become a millionaire when you are retired, but now want to Per H Börjesson show that it is possible to become rich earlier than that.”
“it All depends of course on how much you can save.”
“The most important thing is to make sure that you have an income that you can save at least ten percent from each month. You can save more than so you can become a millionaire much earlier than about 40 years.”
the “Lazy investor or active stock pickers”
“Per H Börjesson recommend putting the money in mutual funds, which are index funds with low fees. Then he says that you can take it how quiet that time.”
“Saves you directly in the shares yesterday, however, it is not to be lazy. Then you need to be more active and see how the market goes. “
“The tricky part is to not panic and start selling off the shares when the stock market goes down.”
“– to prepare themselves mentally that the stock market will go down again some time, but there is no one who know when. Then you should continue to save each month. It is human that you sell and so it was last 2008 when everyone got terrified and sold their shares. But it is then you should be buying more. You sell your books when it is ever book, then you buy books.”
“But if they lose their income in the context of a financial crisis, then it is perhaps not so easy to continue to save?”
“– It’s the same as when you have a loan on a house and then get divorced or lose a job. It is also not easy. Then you wait to save.”
“the Pension provides more million”
“The automatic savings you have when you work think Per H Börjesson is also important to mention.”
“It’s all about the pension and your PPM-money that grows for every year that passes.”
“– you do not need to do anything. Then you can just lie in the hammock.”
“But he says that it is important to make sure that you have an occupational pension. “
“Have you also managed to save their own money in several decades it may become more million in the pot in the future than what you bargained for.”
“Start early and avoid the sundries”
“the Challenge for achieving this is often unnecessary tidbits that really goes to pull down on.”
“– You might buy coffee when you go to work, although there is coffee at work. Or so you buy lottery tickets and think that you can become a millionaire by the way. The vast majority of money that they would be able to save. You feel better if you have money in your account. Things brings happiness for the moment, but maybe you should invest in experiences with the family instead which provides a more long-lasting happiness.”
“To start saving as early as possible is Per H Börjessons most important piece of advice.”
“– Many people think that they should start saving when they have sufficient finances for it. But then they start to buy more expensive wines and going to a restaurant. You’ll save when you get the money. It is the compound interest effect again, the earlier you start the more money you can get.”
