http://moneysocket.com/wealth-building-with-compounding-interest-and-the-rule-of-72/ Building wealth while enjoying life Thu, 20 Nov 2008 10:05:27 +0000 http://wordpress.org/?v=2.6 http://moneysocket.com/wealth-building-with-compounding-interest-and-the-rule-of-72/#comment-1614 Johnny Sun, 20 Jan 2008 19:38:28 +0000 http://www.moneysocket.com/wealth-building-with-compounding-interest-and-the-rule-of-72/#comment-1614 May I ask you to calculate something for me? I am considering a mutual fund which conservatively has averaged over 8% interest over the last 20 years. I don't have 10,000 or 20,000 dollars to invest; my question is: if I can put 150 dollars a month for 21 years into a fund that returns 8% interest over 21 years, how much will that investment have earned? Thanks so much-- May I ask you to calculate something for me? I am considering a mutual fund which conservatively has averaged over 8% interest over the last 20 years. I don’t have 10,000 or 20,000 dollars to invest; my question is: if I can put 150 dollars a month for 21 years into a fund that returns 8% interest over 21 years, how much will that investment have earned? Thanks so much–

]]> http://moneysocket.com/wealth-building-with-compounding-interest-and-the-rule-of-72/#comment-1578 Why It’s Smarter To Buy Used Cars | MoneySocket Mon, 14 Jan 2008 18:04:13 +0000 http://www.moneysocket.com/wealth-building-with-compounding-interest-and-the-rule-of-72/#comment-1578 [...] costs. I could be saving hundreds each month and investing it instead. Of course, we know about the power of compounding returns over the years. Thats why I said $20K in opportunity cost in the heading rather than 15. If [...] [...] costs. I could be saving hundreds each month and investing it instead. Of course, we know about the power of compounding returns over the years. Thats why I said $20K in opportunity cost in the heading rather than 15. If [...]

]]> http://moneysocket.com/wealth-building-with-compounding-interest-and-the-rule-of-72/#comment-626 Hyrum Mon, 10 Dec 2007 17:51:08 +0000 http://www.moneysocket.com/wealth-building-with-compounding-interest-and-the-rule-of-72/#comment-626 What if we just buy gold now so when we retire it will be worth enough federal notes to live on. What if we just buy gold now so when we retire it will be worth enough federal notes to live on.

]]> http://moneysocket.com/wealth-building-with-compounding-interest-and-the-rule-of-72/#comment-142 The Savvy Renter and The Slave Homeowner | Money Socket Wed, 25 Jul 2007 11:07:59 +0000 http://www.moneysocket.com/wealth-building-with-compounding-interest-and-the-rule-of-72/#comment-142 [...] to the bank, you’re investing in an index fund returning 8% a year. In comes the power of compounding interest. If you put $200,000 into the index fund instead of a down payment on a house, and consistently [...] [...] to the bank, you’re investing in an index fund returning 8% a year. In comes the power of compounding interest. If you put $200,000 into the index fund instead of a down payment on a house, and consistently [...]

]]> http://moneysocket.com/wealth-building-with-compounding-interest-and-the-rule-of-72/#comment-134 Roth IRA, Traditional IRA...I Finally Opened One | Money Socket Mon, 23 Jul 2007 11:45:06 +0000 http://www.moneysocket.com/wealth-building-with-compounding-interest-and-the-rule-of-72/#comment-134 [...] on your retirement account. You’ll have a lot more saved up the younger you start because the power of compounding interest does wonders, especially in the later years when the numbers are bigger. I’m glad to have [...] [...] on your retirement account. You’ll have a lot more saved up the younger you start because the power of compounding interest does wonders, especially in the later years when the numbers are bigger. I’m glad to have [...]

]]>