Ah yes, the power of compounding! I also remember "the rule of 72" from college days: 72 divided by your interest rate is how long (in years) it approximately takes to double your money.
I love the idea of putting money into something, and just letting it do its own thing... the cool think here is that someone could put in $1,000 when they leave college, forget about it, and have a nice nest egg by age 60.
Of course, we have no idea what inflation in the greater system will do.... but it's definitely a sweet idea!
=^..^=
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Yep. It shows how getting wealthy is rather straightforward. That is why putting some money out of each check away is a good idea. Many grasp it, few do it.
In a technological era, I wouldnt worry about it. That coupled with the demographic nightmares the developed countries are facing over the next few decades, inflation is going to be craved.
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