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Robbins also owns 110 businesses with sales exceeding an estimated $7 billion annually.
By doing so, he created what he calls a money-making machine.
Every time you earn interest, its reinvested back into your account along with your initial principal.
You just invest your money and watch it grow.
One Robbins-recommended way to generate compound interest is to put savings into a money market account.
Robbins particularly likes this strategy for beginners.
A money market account, Robbins explained, is like a savings account, but with higher interest.
The accessibility of money market accounts is ideal.
So, you should be using tools that are exclusively designed to help you amass savings for retirement.
Invest in a 401(k) or IRA, which are money-making machines unto themselves.
Over time, dividend stocks really add up.
it’s possible for you to invest less upfront and still gain the benefits of real estate ownership.
Its worth noting that time is of the essence here.
Dont delay building your money-making machine even if you have alucrative income stream.
Caitlyn Moorhead contributed to the reporting for this article.
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