Posts Tagged ‘compound’

Penny Power

Posted: January 9, 2016 in Money Matters
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“If you start with a penny and double it every day for a month, you will end up with more than $10 million.  That is the power of compound interest….  People don’t get it.  They don’t realize the power of compounding.” -Steve Sjuggerud

“Treating people fairly is like putting money in the bank and collecting compound interest.” -Mark Ford

More Returns

Posted: February 3, 2015 in Money Matters
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“Compound returns are the money you make off the money you make. And the more money you make, the more money your money makes off the money your money makes.” -David Eifrig

“Compounding is the royal road to riches.  Compounding is the safe road, the sure road, and fortunately, anybody can do it. To compound successfully, you need the following: perseverance,… intelligence,… knowledge,… and time.” -Richard Russell

Compounding Money

Posted: December 18, 2014 in Money Matters
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Compounding is “making money off the money you make”. -Dr. David Eifrig

Prevent financial illiteracy:  1.  “Our kids must know that they are not entitled to money or wealth…or anything for that matter, even Christmas presents.  They must earn money.”  2.  “Our children need to understand debt.  Debt is expensive.  If you abuse it, it will destroy you.  It robs you of your independence.”  3.  “Our kids need to learn the power of compound interest and the best way to harness it.  Compound interest is the most powerful force in finance.  And it’s mathematically guaranteed.” -Tom Dyson