early - SE Members Blog post - syndication express2024-03-28T13:11:48Zhttps://syndicationexpress.ning.com/profiles/blogs/feed/tag/earlyThe "Time Value" of Money - Why Starting Early is Importanthttps://syndicationexpress.ning.com/profiles/blogs/the-time-value-of-money-why-starting-early-is-important2014-04-26T07:05:23.000Z2014-04-26T07:05:23.000ZRon Simplified Myershttps://syndicationexpress.ning.com/members/RonSimplifiedMyers<div><p align="left"><font color="#000000"><font face="lucida grande, tahoma, verdana, arial, sans-serif"><font>Individual A</font></font></font></p><p><font color="#000000"><font face="lucida grande, tahoma, verdana, arial, sans-serif"><font>Age 22</font></font></font></p><p><font color="#000000"><font face="lucida grande, tahoma, verdana, arial, sans-serif"><font>Contributions into an IRA (Individual Retirement Account)</font></font></font></p><p><font color="#000000"><font face="lucida grande, tahoma, verdana, arial, sans-serif"><font>Annual Payment: $5,000</font></font></font></p><p><font color="#000000"><font face="lucida grande, tahoma, verdana, arial, sans-serif"><font>Contributes for 8 years and stops</font></font></font></p><p><font color="#000000"><font face="lucida grande, tahoma, verdana, arial, sans-serif"><font>Total Contribution: $40,000 ($5,000 each year x 8 years) and they let the money stay in the account until age 67</font></font></font></p><p></p><p></p><p><font color="#000000"><font face="lucida grande, tahoma, verdana, arial, sans-serif"><font>Individual B</font></font></font></p><p><font color="#000000"><font face="lucida grande, tahoma, verdana, arial, sans-serif"><font>Still wanting to party. Knowing they have nothing but time on their side. Saving right now when they can buy those new shoes (5th pair in the last few months). You know what I am talking about. Well they start 8 years later. The same year (Individual A stops contributing)</font></font></font></p><p><font color="#000000"><font face="lucida grande, tahoma, verdana, arial, sans-serif"><font>Age 30</font></font></font></p><p><font color="#000000"><font face="lucida grande, tahoma, verdana, arial, sans-serif"><font>Contributions into an IRA (Individual Retirement Account)</font></font></font></p><p><font color="#000000"><font face="lucida grande, tahoma, verdana, arial, sans-serif"><font>Annual Payment: $5,000</font></font></font></p><p><font color="#000000"><font face="lucida grande, tahoma, verdana, arial, sans-serif"><font>Contribute for 38 years and stops (Age 67)</font></font></font></p><p><font color="#000000"><font face="lucida grande, tahoma, verdana, arial, sans-serif"><font>Total Contribution: $190.000 ($5,000 each year x 38 years)</font></font></font></p><p></p><p></p><p><font color="#000000"><font face="lucida grande, tahoma, verdana, arial, sans-serif"><font>Well common sense says - Individual B has to have a lot more money saved. After all, they contributed $190,000 and Individual A contributed $40,000.</font></font></font></p><p></p><p></p><p><font color="#000000"><font face="lucida grande, tahoma, verdana, arial, sans-serif"><font>So at age 67, let's look at the results:</font></font></font></p><p></p><p><font color="#000000"><font face="lucida grande, tahoma, verdana, arial, sans-serif"><font>Individual A has: $1,845,710</font></font></font></p><p><font color="#000000"><font face="lucida grande, tahoma, verdana, arial, sans-serif"><font>Individual B has: $1,701,330</font></font></font></p><p></p><p></p><p><font color="#000000"><font face="lucida grande, tahoma, verdana, arial, sans-serif"><font>What? No way. How is that possible?</font></font></font></p><p></p><p></p><p><font color="#000000"><font face="lucida grande, tahoma, verdana, arial, sans-serif"><font>Yes, even though Individual B contributed $150,000 more money than Individual A, they actually ended up with less money in the amount of $144,380.</font></font></font></p><p></p><p></p><p><font color="#000000"><font face="lucida grande, tahoma, verdana, arial, sans-serif"><font>INCREDIBLE!!!</font></font></font></p><p></p><p></p><p><font color="#000000"><font face="lucida grande, tahoma, verdana, arial, sans-serif"><font>Folks that is a difference of $294,380 (The $150,000 that Individual A did not contribute + $144,380 more at the end).</font></font></font></p><p></p><p></p><p><font color="#000000"><font face="lucida grande, tahoma, verdana, arial, sans-serif"><font>Learn the things we teach in our training. The rule of 72, compound interest and more. Time can be your friend or it can be a huge learning device. </font></font></font></p><p></p><p></p><p><font color="#000000"><font face="lucida grande, tahoma, verdana, arial, sans-serif"><font>This example was taken from the book: How Money Works - A Common Sense Guide To Financial Success. Created by Primerica</font></font></font></p><p></p><p></p><p><font color="#000000"><font face="lucida grande, tahoma, verdana, arial, sans-serif"><font>The wording is my view.</font></font></font></p><p></p><p></p><p><font color="#000000"><font face="lucida grande, tahoma, verdana, arial, sans-serif"><font>It ain't right. It ain't wrong. It's just my opinion</font></font></font></p><p></p><p></p><p><font color="#000000"><font face="lucida grande, tahoma, verdana, arial, sans-serif"><font>Your Uplifting Life Partner</font></font></font></p><p><font color="#000000"><font face="lucida grande, tahoma, verdana, arial, sans-serif"><font>Ron Simplified Myers</font></font></font></p><p></p><p></p><p><font color="#000000"><font face="lucida grande, tahoma, verdana, arial, sans-serif"><font>Disclaimer: They hypothetical 9% nominal rate of return, compounded monthly, and tax-deferred accumulation shown for both IRA accounts are not guaranteed or intended to demonstrate the performance of any actual investment. Unlike actual investments, the accounts show a constant rate of return without any fees or charges. Any tax-deductible contributions are taxed and tax-deferred growth may be taxed upon withdrawal. Withdrawals prior to age 59 1/2 may be subject to a 10% penalty tax. Assumes payments are made at the beginnings off each year. Investing entails risk, including loss of principal. Shares, when redeemed, may be worth more or less than their original value. </font></font></font></p></div>My Early Roots in Enniskillenhttps://syndicationexpress.ning.com/profiles/blogs/my-early-roots-in-enniskillen2013-01-03T09:00:00.000Z2013-01-03T09:00:00.000ZJames Mc Combshttps://syndicationexpress.ning.com/members/JamesMcCombs<div><h1>Enniskillen,the town where I was born</h1><p><br /> Before we get to talking about the later part of my life it is only proper to address my early years in Enniskillen just to give everyone a clearer picture of where I came from and what life was like for me in my formative years.</p><p><a href="http://farm9.staticflickr.com/8202/8205171982_04840bd185_m.jpg" target="_blank"><img src="http://farm9.staticflickr.com/8202/8205171982_04840bd185_m.jpg?width=370" width="370" class="align-left" alt="8205171982_04840bd185_m.jpg?width=370" /></a></p><p>I was born on March 31, 1946 in the small Northern Ireland town of <strong>Enniskillen</strong> in County Fermanagh which sits astride the famous twin lakes of Upper and Lower lough Erne. My Father William Thomas Mc Combs was born June 1, 1892 and my mother Lilian Elizabeth nee Thompson was born on June 28, 1904. <strong>Enniskillen</strong> has a long and glorious history dating back to the 1400's. The oldest building is the Maguire's stone castle,now called Enniskillen Castle, built by Hugh the Hospitable who died in 1428.</p><h2>Enniskillen has a notable military history</h2><p><br /> <em><a href="http://farm9.staticflickr.com/8483/8205244190_cd9749c35b_m.jpg" target="_blank"><img src="http://farm9.staticflickr.com/8483/8205244190_cd9749c35b_m.jpg?width=360" width="360" class="align-left" alt="8205244190_cd9749c35b_m.jpg?width=360" /></a></em></p><p><em>Enniskillen castle</em> is now a museum to two famous British Army regiments which for many years called Enniskillen their home. The first is <em><strong><span style="text-decoration:underline;">The Royal Inniskilling Fusiliers</span></strong>.</em> On 1 July 1968, the <em>Royal Inniskilling Fusiliers</em>, the Royal Ulster Rifles and the Royal Irish Fusiliers became the Royal Irish Rangers (27th Inniskilling, 83rd and 87th). The date of 1 July was chosen as it marked the fifty second anniversary of the first day of the Battle of the Somme, in which battalions of all three merging fought. The Royal Irish Rangers was later to amalgamate with the Ulster Defense Regiment and on the 1st July 1992 became the Royal Irish Regiment and the second regiment is <em><strong><span style="text-decoration:underline;">The Inniskillings (6th Dragoons)</span></strong> </em> which was formed in 1689 as a cavalry regiment but finally disbanded after world war 1 in 1922. The dragoons are still fondly remembered in song as this performance by The Dubliners will clearly demonstrate.</p><p><a href="http://www.youtube.com/watch?v=aA5y0iE5Dic&feature=related">http://www.youtube.com/watch?v=aA5y0iE5Dic&feature=related</a></p><h2>Historical Enniskillen</h2><p><br /> The following video is a slide presentation of old photographs of Enniskillen from the 1920's and 1930's Many of the buildings you can see here such as Enniskillen Town Hall are still standing today.</p><p><a href="http://www.youtube.com/watch?v=kGTmbfCnUQQ">http://www.youtube.com/watch?v=kGTmbfCnUQQ</a></p><h2>Present Day Enniskillen</h2><p><br /> Although it is the county town of Fermanagh the town still only had a populations of 13,599 when the census was carried out in 2001. Here is Yet another video that will show you a little bit more of what Enniskillen is like today.</p><p><a href="http://www.youtube.com/watch?v=3FtiHh65-UE&feature=related">http://www.youtube.com/watch?v=3FtiHh65-UE&feature=related</a></p><h2>My early education in Enniskillen</h2><p><a href="http://farm9.staticflickr.com/8060/8204379113_90e8e20f8a_m.jpg" target="_blank"><img src="http://farm9.staticflickr.com/8060/8204379113_90e8e20f8a_m.jpg?width=240" width="240" class="align-left" alt="8204379113_90e8e20f8a_m.jpg?width=240" /></a><br /> My early schooling (1950-1957) was in the local Enniskillen Model Primary school which is still one of the biggest schools in the town. The original school building is now the Fermanagh office of the Western Education and Library Board. Having passed the infamous 11+ examination I started my secondary education (1957-1964) at the much more famous <strong>Portora Royal School.</strong> This school was founded by the decree of James I of England (James VI of Scotland) that was issued in 1608. This school is known for several of its well known old boys such as Oscar Wilde, Samuel Beckett and Henry Francis Lyte among others. For a better and full history of this historical school please click on the following link <strong><a href="//www.portoraroyal.co.uk/History_of_School.aspx" target="_blank">PORTORA </a></strong></p><h3>Rowing in Enniskillen</h3><p><br /> <a href="http://farm9.staticflickr.com/8482/8205474240_ed7ee4e934_m.jpg" target="_blank"><img src="http://farm9.staticflickr.com/8482/8205474240_ed7ee4e934_m.jpg?width=360" width="360" class="align-left" alt="8205474240_ed7ee4e934_m.jpg?width=360" /></a></p><p>As Enniskillen is totally surrounded by water, being located on an island, one of the major sports excelled at by Portora students was rowing and I became a keen oarsman while at the school rowing in the stroke side number 6 position in the eights.</p><p>It was while at Portora that I had the great fortune and honor to be able to attend and compete at the famous Henley Royal Regatta, something I am still extremely proud of.</p><p><a href="http://farm9.staticflickr.com/8070/8204245447_626d4a79c0_m.jpg" target="_blank"><img src="http://farm9.staticflickr.com/8070/8204245447_626d4a79c0_m.jpg?width=219" width="219" class="align-left" alt="8204245447_626d4a79c0_m.jpg?width=219" /></a></p><p>Portora Rowing Club in Enniskillen is still a major competitor at regattas around Europe today and has both boys and girls crews now although when I attended the school it was a boys only establishment and with both day boys and boarding students.</p><p>I graduated from Portora in 1964 having taken four 'A' Level GCE 's in Maths, Applied Maths, Physics and Chemistry and applied to study Chemical Engineering, a relatively new subject in 1964, at UMIST (University of Manchester Institute of Science and Technology) in England. That period of my life however will be covered in a future article. My next article in this series will cover growing up in Enniskillen in a time of religious tension and terrorist activity and also the good times of drinking, music and dance.</p><h3>Your Feedback about Enniskillen is very important to me !</h3><p><br /> I would love to hear your thoughts on what I have shown you here on Enniskillen Please leave your comments in the relevant comments section below and also feel free to make recommendations on any further information about the town, the army history or my schools that you would like to know. I welcome also one on one correspondence if you would like to e mail me directly to <a href="jim@outdevco.com" target="_blank">jim@outdevco.com</a></p><h3>Would you also like to make extra income on line by simply blogging on current events?</h3><p><br /> There are $1,000's to be made right here at Empower Network, just click the link below to learn how.</p><p><a href="http://www.empowernetwork.com/jim46/?id=jim46">http://www.empowernetwork.com/jim46/?id=jim46</a> </p><p></p></div>