Are you a grasshopper or an ant? Or are you a product of your environment? Grasshoppers raise grasshoppers and ants raise ants. If you were born into a family of spenders it’s pretty hard to become a saver. It’s not part of your DNA. Your mental model is to spend. Investing for retirement is foreign […]
Patrick O’Shaughnessy at the Millennial Invest blog wrote a post titled “6 Things To Do In Your Early 20’s.” Number two on the list is save and invest, and I believe this is the most important thing a millennial should do in their early 20’s. Ideally, investing should start at birth, it’s why I wrote […]
This National Geographic cover from May 2013 feature various babies with the heading “This Baby Will Live to 120.” With that in mind, let’s talk about the power of compound interest. A one time deposit of $4,000 into a mutual fund would equal $123,948,000 based on the math shown in this video. A person living to […]
Munny Journey will help you discover your “number.” The What’s Your Number page of the book helps explain the power of compound interest.
For just a $1 a day, the oldest living American could have $89 million. Jeralean Tailey is now the oldest living American at 115 years old. If Jeralean invested $1.00 a day from birth, and received an average S&P 500 investment return, that $1 a day would be worth $89,023,066.00! That’s the power of compound […]