Exponential money generation is an old idea.
Barely noticed by the average person, it is still the single most
utilized concept by rich Entrepreneurs the world over.
When we put an amount of cash in the bank, the
bank will offer us an interest payment for the use of that money
usually in the range of 5-10% depending on the current level of
the over night cash rate. This passive income is very useful on a
large scale. For example a person with $10 million dollars would
be offered quite a bit more for the use of that sum however, at 7%
the annual return is around $700,000 per year. That is a very
useful sum to be able to utilize as discretionary income. Indeed
one could live very well for the remainder of their lives with
such a comfortable return simply by keeping their money with a
bank.
The problem for most people with this desirable
mechanism is that they don't have $10,000,000 in the first place.
They don't have nearly that much.
So the question becomes how to get it in the
first place so money can be a concern of the past so we can get on
with the more interesting activity of living.
If we put $10,000 into a bank account and
watched it grow exponentially at 10% we would at the end of 10
years be underwhelmed by the results.
Entrepreneur
Idea - One Idea, One Million Dollars