The Secret to My (Investing) Success
My PDQ Principles of Investing (Patience, Diversification and Quality) revolve around the concept of simplicity.
Free tips and insights for
Millennials and Generation Zers
about how to plan,
invest and save so you can
live. your. best. life.
Financial Facts
The longer you wait to scroll, the less you'll l-earn!
the amazing power of compounding
Most financially successful people get that way not through business innovation but through compound interest on their savings and investments. A simple example: If a 22-year-old invests $1,000 on January 1 at 7% per annum, next year the investor will have $1,070. In 10 years, the investor’s initial $1,000 would grow to $1,967. Upon retirement, at age 65, that single initial investment of $1,000 will have grown to $18,344.
Amazing.