Unless Your Parents Were Wealthy, Don’t Do What They Did
Here’s a quick tip for today… Unless Your Parents Were Wealthy, Don’t Do What They Did
Too often we are given advice from non wealthy people about how to get wealthy. That’s like taking dietary advice from a glutton.
A quote by Einstein says that “the definition of [...]
Posts on ‘May 30th, 2008’
Unless Your Parents Were Wealthy, Don’t Do What They Did
Understanding Compounding Interest and Compounding Interest Calculation
Understanding Compounding Interest and Compounding Interest Calculation
When you borrow money from a bank, you pay interest. Interest is really a fee charged for borrowing the money, it is a percentage charged on the principle amount for a period of a year - but they often calculate it daily.
The same can be applied for investment. Compounding [...]
