When you think about the richest people you know, you likely imagine those living in huge homes, driving expensive new cars, and spending big money on vacations/entertainment. Isn't it funny how we associate spending money with having money? But how else are you supposed to know the wealthy from the broke from the outside looking … Continue reading Being Rich vs Looking Rich
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Rule of 72
This will be a shorter post and extremely basic for any experienced investor. The Rule of 72 helps you estimate how many years it takes to double your money, based on an average annual rate of return. This is a quick, simplified way to account for compound interest. It assumes you reinvest all of your … Continue reading Rule of 72
