But the ad that I remember the best was the "Magnificent Marvelous Money Machine". It was a wooden block with some rollers in which you would put a one dollar bill in one side and a five dollar bill would come out the other. Being very young and naive, my mom had a tough time convincing me that it was just a trick and something like that didn't really exist.
Sorry mom, but you were wrong on this one. The "Magnificent Marvelous Money Machine" does exist, but it has a different name. It is called Dividend Investing. You invest your money today in solid companies with growing dividends and you will be able to spend the rest of your life pulling money out of your investment; and then you can pass the "Magnificent Marvelous Money Machine" on to your kids.
Unfortunately, I couldn't find the "Magnificent Marvelous Money Machine" on the Internet, but for those that didn't see the ad growing up, click here for the modern version of it.
- Hey, You Invest Like a Girl!
- My Unique Investing Process
- Turbo Charge Your Portfolio With Reinvested Dividends
- Who is Charles Mangum and Why Should We Listen to Him?
- Passing the Torch - Part 1 of 2
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