Posted by KnowMoney.ca on June 29, 2011 ·
“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, [...]
Posted by KnowMoney.ca on May 25, 2011 ·
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 [...]
Posted by KnowMoney.ca on May 20, 2011 ·
You may have heard the phrases “Make your money work for you” and “Work smarter, not harder”. If you’re like the average hard-working Canadian, you probably work FOR your money, not the other way around, and bust your butt doing it. So how do we begin changing this around? [...]