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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
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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. |
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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.
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can you just direct me to the "100% Interest a day" company please ...cheers ..
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'savings rates are so high i had enough to retire on after 6 months!'
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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 |
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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 ;)
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Correct Tevez
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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). |
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b)
surely every-one here knows that Martingale system? |
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http://www.ruleof72.net/rule-of-72.asp
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