Sunday, January 26, 2014

Tip of the Day

Attempt to save up to 10% of your oncome.

Just save 10% of your income and let the magic of compound interest do the rest.  Compound interest is simply this:  invest $1,000 and you get 5% interest.  At the end of the year, you will now have $1,050.00.  The next year interest is computed on $1,050.00.  This compounding will continue until funds are withdrawn.  Need a chart on the magic of compound interest, email your request to at4610@aol.com.

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