For as long as I can remember, I have been fascinated by stories of extreme weight loss.

I would go through the before and after pictures, diligently comparing the two to ensure it was really the same person and then I would read in depth the measures that the person took to achieve losses of 200 lbs in some cases and more. However, apart from the obvious discipline that the person had to employ over their eating and their physical activity, the other feature which I felt was many times overlooked and understated was the time factor.

In a world where everyone wants a quick solution to their problems, I took note that in most instances these people took a year or more of very hard work to achieve their goal weight.

Your next thought might be: What does that have to do with money? The simple answer is: Everything! Building wealth is a slow process, very similar to losing weight. There is a reason that so many wealthy people are older. They will tell you that it took time, it took sacrifice and a lot of hard work. They probably had several setbacks along the way, but they learned from them and rebuilt wiser.

THREE FACTORS OF WEALTH- BUILDING

All things being equal, the higher the interest rate on your investment is the faster the money will grow. This is just a simple mathematical fact. However, in seeking the best rate for your investments, it is important that you don’t get sucked into the get-rich-quick mentality. This is a dangerous state which tempts you to make foolish decisions and is often the fastest way to lose your investment.

http://www.jamaicaobserver.com/sunday-finance/the-money-time-factor_203949