Tag Archives : Rule of 72

The Power of Compound Interest

The Power of Compound Interest

Posted by on June 29, 2011 · 3 Comments

“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 [...]
Filed in: Financial Education, Investing, Planning, Retirement, Saving More
Double your money faster with the Rule of 72

Double your money faster with the Rule of 72

Posted by on May 25, 2011 · 5 Comments

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, [...]
Filed in: Debt Elimination, Financial Education, Investing, Planning, Retirement, Saving More
How does money work?

How does money work?

Posted by on May 20, 2011 · 0 Comment

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? We need to [...]
Filed in: Debt Elimination, Financial Education, Investing, Planning, Retirement, Saving More

 

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