http://www.quickdebteliminator.com/personal-finance/what-personal-finance-lesson-do-you-wish-you-had-been-taught-by-your-parents-or-in-school/ Call 888-653-9681 To Get Debt Help Now! Tue, 20 Mar 2012 16:05:26 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.quickdebteliminator.com/personal-finance/what-personal-finance-lesson-do-you-wish-you-had-been-taught-by-your-parents-or-in-school/#comment-2992 Archie B Sat, 06 Feb 2010 19:08:08 +0000 http://www.quickdebteliminator.com/personal-finance/what-personal-finance-lesson-do-you-wish-you-had-been-taught-by-your-parents-or-in-school/#comment-2992 There is only one priciple I wish I had learned at a much younger age, which is the principle of compound interest. Using compound interest and starting early with a relatively small investment, re-investing interest earned in a safe but regularly profitable mutual fund, CD, diversified stock portfolio or other fund returning a decent interest rate/ROI, and adding to the amount invested at a very modest rate (like, say, what you make at Wendy's flipping burgers every week), by the time you're 35 you can be a millionaire or close. Compound Interest is the whisper of God Himself in the ear of young people, but few adequately listen. Buy into mutual funds young. Add to them regularly, investing each paycheck, reinvesting dividends and all returns on investment. Continue this throughout life until you have enough to really take a shot at something and, when you are in your early thirties, you will be shocked how much better off you are than the average person. There is only one priciple I wish I had learned at a much younger age, which is the principle of compound interest. Using compound interest and starting early with a relatively small investment, re-investing interest earned in a safe but regularly profitable mutual fund, CD, diversified stock portfolio or other fund returning a decent interest rate/ROI, and adding to the amount invested at a very modest rate (like, say, what you make at Wendy’s flipping burgers every week), by the time you’re 35 you can be a millionaire or close. Compound Interest is the whisper of God Himself in the ear of young people, but few adequately listen. Buy into mutual funds young. Add to them regularly, investing each paycheck, reinvesting dividends and all returns on investment. Continue this throughout life until you have enough to really take a shot at something and, when you are in your early thirties, you will be shocked how much better off you are than the average person.

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