Tag Archives: interest

This child will live to 120 years, and could earn a million dollars a year!

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 […]

One Third of America’s 18- to 34-Year-Olds Live with Parents

According to a report from Deutsche Bank, one third of american adults aged 18 to 34 live with their parents. So, Munny Journey is introducing the “Keep Your Kid Out of Your Basement Investment Kit.” Just a dollar a day, starting from birth, can keep your kids (or grandkids) from living in the basement. Take […]