Those who are successful at doing this can create quite an amazing
wealth building machine.
The TFSA may not turn out to be quite as powerful
a wealth building machine as many of us would have hoped, but it's still a force to be reckoned with.
Not exact matches
Hard to ignore the tax benefit, but I do agree that money available immediately as needed might work to teach them some responsibility and show them how to live below their means to
build their own
wealth machine.
CDR --- your projection for your end result is probably correct.The
wealth of switzerland will be the value of its international portfolio.If it is so easy why doesn't everyone do this.It is similar to the perpetual money
machine of the U.S. Fed — they
build a massive balance sheet of U.S. treasury debt and then clip the coupons and pass the «earnings» back to the Treasury filling the gap of an ever expanding deficit.Following the Swiss model the Treasury should just issue more debt and sell it to the FED and collect the annual interest income — simple
That makes a compounding
machine that
builds wealth over time.
The latest graphics cards, giant displays, a
wealth of inputs, and tailor -
built keyboards are all expectations when it comes to
machines of this caliber.