“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
Posts Tagged ‘compound’
Penny Power
Posted: January 9, 2016 in Money MattersTags: compound, double, interest, million, month, penny, power
Savings Account
Posted: November 18, 2015 in Thought for the DayTags: account, compound, Money, Savings, thank you
“A ‘thank you’ is like putting a little bit of money in a savings account and watching it compound over time.” -James Altucher
Money in the Bank
Posted: April 7, 2015 in Thought for the DayTags: bank, collect, compound, fair, interest, Money
“Treating people fairly is like putting money in the bank and collecting compound interest.” -Mark Ford
“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
Compound Riches
Posted: December 29, 2014 in Money MattersTags: compound, compounding, intelligence, knowledge, perseverance, riches, road, royal, safe, successful, Time
“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 is “making money off the money you make”. -Dr. David Eifrig
Financial Education for Kids
Posted: August 12, 2013 in Money MattersTags: compound, Debt, entitled, expensive, finance, financial, guaranteed, independence, interest, learn, mathematically, Money, Wealth
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
