Tag Archives : retirement

The Power of Compound Interest

The Power of Compound Interest

“Compound interest is the most powerful force in the universe” – Albert Einstein While some may argue that this is a bit of an overstatement, there is no doubt that compound interest is a powerful force in determining your long-term wealth… or lack thereof. In my last blog post, “Double [...]
Double your money faster with the Rule of 72

Double your money faster with the Rule of 72

Do you know how long it will take for your money to double? Figuring this out is easier than you think! No super-computer, NASA rocket scientist, or even a calculator is required! All you need is the Rule of 72. The Rule of 72 is an equation discovered by Albert Einstein, but so easy a 3rd grader can do it. (Yes, [...]

 


Disclaimer: Any information shared on KnowMoney.ca is for educational purposes only, and does not constitute financial advice. The Website is intended to provide general information only and does not attempt to give advice that relates to your specific circumstances. You are advised to discuss your specific situation with an independent financial adviser.