Friday, January 2, 2009

Another excellent article

The Extraordinary Power of Compound Interest
from Get Rich Slowly

I wrote a short blurb about compound interest a few months ago, but this article does a much better job explaining just exactly how much compound interest pays off over time with some great, concrete examples. I firmly believe that one does not need a high income or high return on investments to build wealth.

"The rich are not rich because they earn a lot of money; the rich are rich because they save a lot of money."

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