Late always beats never when it comes to saving for your retirement…
compound interest
Is it worth giving up coffee for a million pounds? The latte factor claims it’s your decision to make…
Compound interest increase your fortune spectacularly if you give it enough time. So start. Start saving and investing right now.
Use time, the correct asset allocation and tax breaks to maximise the power of compound interest to see you alright in your old age.
Yet another story about a venerable old millionaire who people presumed was poor while he was still alive. In The remarkable life and lessons of the $8 million janitor, the Washington Post tells us: Despite his relatively modest wages, Read left an estate with “stock holdings and property” valued at nearly $8 million One of [...]
Get out your pencils and paper and prepare to meet your new best friend — compound interest.
Do you save too much because your in thrall the compound interest? Even Warren Buffett had that problem, but he’s seen the light.
The difference that spending £100 a month less on clothes in your twenties and investing it will make to your future is incredible.
Just as compound interest multiplies your savings pot, so climbing the corporate pole will boost your income after a few years.
Debt isn’t just painful because of the interest bill you pay. There’s also the long-term value of that money if you’d saved and invested it instead.
Your debt makes other people rich. You’re borrowing from your future self, who will be poorer, less secure, or lead a less abundant life because you wanted something now, before you could afford it. You must get out of debt. You can’t save while you’re in debt, and it grows like a weed. Kill it! [...]