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22 lines
794 B
Markdown
22 lines
794 B
Markdown
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# Compound interests make you rich
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Since the growth is exponential, time is more important than the amount of money you invest with compound interests. Start investing right now!
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This also means that small interest percentages add up to big amount. So [beware of financial products](4yib) eating your interests.
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Buy new shares with the interests to benefit from the compound interests, e.g. after a unique investment of $1,000 with a 10% interest rate:
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- without reinvesting the dividends:
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- 40 yrs = $5,000
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- 50 yrs = $6,000
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- with compound interest:
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- 40 yrs = $45,000
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- 50 yrs = $117,000
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## References
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- [These 3 Charts Show The Amazing Power Of Compound Interest](https://www.businessinsider.com/personal-finance/amazing-power-of-compound-interest-2014-7?r=DE&IR=T)
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:finance:
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