Einstein was right (not for the first time in his life)
about compound interest. It is indeed the most powerful force in the universe.

Unfortunately though, most people are suffering from this
force. A few days ago I posted a blog
entry entitled How long will it take me to pay off my credit cards. This blog
entry used an example of a person with a 5000 credit card making minimum
payments every month.

The result was astounding it would take 69 years (and
20,850 in repayments) to reduce the balance from 5000 to 100

This just shows the power of compound interest being used on
a daily basis by the banks & credit card companies.

However; there are people in the world that use Compound
interest in their favour.

I was recently introduced to a private members Investment club
where they achieve over 45% per annum return on investment. I am still
undertaking my own due diligence prior to working with them but so far the
figures seem to stack up.

So, I decided to do a few calculations just to illustrate
the power of compound interest and the results were amazing

For example; if you were to invest 500 per month (many
people that I speak to about their debts pay more than this each month in
credit card interest alone) in a fund that grew at 45% per annum, in a 10year
period you would have invested 60,000

This 60,000 will grow over this 10year period to a
staggering 1,133,000 (over 1million)

So, if you could find a way to reduce your monthly outgoings
by 500 and then find an investment vehicle to invest the money saved into In
10years, youd be a millionaire

As I said earlier Einstein was definitely right, Compound
interest is the most powerful force in the universe

As I do each day, Ive just been trawling through the national media (on-line of course I dont buy every paper every day Im daft, but not that daft)
How on earth can anybody make an informed judgement about the Recession & the UK economy with headlines such as these;
Lehman Bros files for Bankruptcy

Business confidence signals end of recession

Its a bit like playing Good news / Bad news but on much larger scale

My opinion is that nobody really knows whether were coming out of this recession or not (well, apart from the members of the Bilderberg group but thats a completely different topic altogether)
The only thing we can do is look after ourselves & follow Doris Days advice Que sera, sera Whatever will be, will be (I speak Spanish & this actually means what will be, will be but a little bit of artitistic licence never hurt anybody).
If you need any help with your financial situation, send me an email with the brief details or just give me a call.

All the best!
Paul

Company Administrationis designed to protect companies from their creditors while a restructuring plan is developed. The type of creditor action that Company administration will stop includes:-

Bailiffs distraining on behalf of rating authorities

Landlords distraint for arrears of rent

Action by Revenue and Customs & Excise to enforce their debt

Following changes to legislation introduced in September 2003, the Company administration procedure is now streamlined which has resulted in reduced costs and better returns to creditors. An Administrator can be appointed by filing documents at court and with a few exceptions, the administration must be concluded within a year.

The purpose of the Company administration must achieve;

1) Business Rescue / Rescue of the company as a going concern or if that is not possible

2) Achieving a better realisation of the companys assets than in a Company liquidation

Only if the neither of the first two purpose are possible, can the administrator use the third purpose:-

3) Realising property in order to make a payment to the companys secured or preferential creditors

If you think that your Company can be saved via Administration, give us a call on 08000 842 844 now to discuss it further.