Tag Archives : saving
The Power of Compound Interest
Posted by KnowMoney.ca 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 [...]
Double your money faster with the Rule of 72
Posted by KnowMoney.ca 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, [...]
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