March 24, 2013

Compound interest can make you rich. What is it, and how does it work?

6 thoughts on “March 24, 2013”

  1. Katherine Graham says:

    “Compound interest arises when interest is added to the principal, so that, from that moment on, the interest that has been added also earns interest. This addition of interest to the principal is called compounding. A bank account, for example, may have its interest compounded every year: in this case, an account with $1000 initial principal and 20% interest per year would have a balance of $1200 at the end of the first year, $1440 at the end of the second year, and so on. (

  2. Mike Finley says:

    Right again, Katherine. Compound interest simply involves your money making money which in turn will make more money. The key here is to get started early in life and don’t stop.

    Start an automatic investment into a diversified group of no-load index mutual funds (always look to retirement accounts first which would include your company retirement plan and a Roth IRA) and then keep feeding it month after month and year after year. Time is on your side, but you must get started, NOW!

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  7. Nela says:

    I wonder if there’s any logic to, or supropt for, the thought that you both should cut back on the sheer volume of posts per day. I realize that we’re all having a good time with this blog (posters and readers included), but the regrettable thing I find is that I simply don’t have the time to listen to all the good sounds you guys are putting out there. I end up putting all my downloaded folders on a drive, and I don’t think I’m able give some of this great music the proper attention and deep listening that it deserves and demands. I’m appreciative, as I think we all are, but I do a lot of “skimming the cream,” as it were, and because there are so many posts here (not to mention on other music blogs), I probably end up passing on good things because I simply don’t have time to listen to music constantly throughout the day. It seems sometimes like you guys are trying to “outdo” every other music blog in terms of sheer daily volume and I have to believe that some other readers would agree that the importance of some of this music is getting lost in the deluge. Too much of a good thing can still be too much just something to think about. I hope that you’ll take this comment in the kindest and most appreciative light (as it was intended.)

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  15. Aitu says:

    hithanx for the incredible sondus i discovered with your blog!! we have to re-write pop music history!;…in your opinion, which are the 2 or 3 albums of N.W.W. to have? i want to know it, ’cause everytime i ask no one seems to be know this band or to give this group (or stapleton) the importance it merits. Could you post something?ciao

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