May 132014 5 Responses

Remember This When You Make a Mistake

One of the most important financial principles is that of compounding. Wise people learn, understand, and use this principle with their finances. Compounding is the simple idea that as money is saved, interest is paid. Yet interest paid this year, earns interest the next year. So if you earn 10% on a $100 investment, this year you get 10% on $100, but next year you receive 10% on $110. Over time, the principle of compounding leadsContinue Reading…

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