Chit Chat
There is currently 1 person viewing this thread.
Check this out, some good reading.
As long as youre not too old, start doing this and you'll retire very wealthy
http://www.squidoo.com/compoundinterest
As long as youre not too old, start doing this and you'll retire very wealthy
http://www.squidoo.com/compoundinterest
sort by:
Show
per page
Replies: 10
|
By:
That link is interesting... what would you rather?
a) £1000 a day for a month OR b) 1 penny, that would be doubled everyday for the month. ie. on day one 1p, day 2, 2p - day 3, 4p........ and so on... I know most on here would choose option A. |
|
By:
Saving works fine if you have no debt, stupid having a savings account earning 5% if you pay anything over 5% on overdraft / loan / credit cards etc.
|
|
By:
can you just direct me to the "100% Interest a day" company please ...cheers ..
|
|
By:
'savings rates are so high i had enough to retire on after 6 months!'
|
|
By:
I know most on here would choose option A.
I doubt that, most on here will know the one about the grains of rice on the chessboard imo |
|
By:
I've read that book .. the guy's a bit of a dreamer/hypocrite really as the rich dad he talks of works his b0ll0x off 24 /7 in his office ;)
|
|
By:
Correct Tevez
|
|
By:
I haven't looked, but it is a cert that the guy fails to mention the effect of inflation.
The truth is savings are important, and they have a place. Hoping to get rich from it is a fallacy. Ideally you want to have enough savings to cover your lifestyle for a year, and the rest should be used aggressively to get rich, (if that is your aim). |
|
By:
b)
surely every-one here knows that Martingale system? |
|
By:
http://www.ruleof72.net/rule-of-72.asp
|