Compound Interest : Making Your Money Work For You! - GoFuckYourself.com

Rob · 03-28-2005, 10:36 AM

Wouldn't it be great knowing that your money is making your more money even when you're asleep? I have two words for you...Compound Interest!

The Rule of 72 says that to find the number of years required to double your money at a given interest rate, you just divide the interest rate into 72. For example, if you want to know how long it will take to double your money at eight percent interest, divide 8 into 72 and get 9 years.

Here's a simple example of how your money will grow with compound interest and a minimal investment:

Initial Principal (your intitial deposit) : $1000.00
Yearly Input : $4000.00 (that's roughly $77 a week)
Years To Grow: 10 years
Interest Rate: 20%
Compounds Once Annually and after 10 years you will have $130,793.41

Not too shabby! It doesn't take a lot of money to invest and make your money work for you. It is a misconception that you need a lot of money in order to make money on investments. So start saving up for your nest egg now.

Dalai lama · 03-28-2005, 10:38 AM

You for real?

Rob · 03-28-2005, 10:39 AM

Quote:

Originally Posted by Dalai lama

You for real?

What do you mean?

GoodStuff · 03-28-2005, 10:41 AM

Show me where you can get a 20% interest rate that isn't a high risk investment.

Rob · 03-28-2005, 10:43 AM

Quote:

Originally Posted by GoodStuff

Show me where you can get a 20% interest rate that isn't a high risk investment.

It was just an example and I was trying to inflate the numbers to reinforce my point. Here it is again at a standard 10%.

Initial: $1000
Annual Input: $4000
Years: 10
Interest: 10%

Total: $72,718.41

Is that better?

GoodStuff · 03-28-2005, 10:44 AM

Quote:

Originally Posted by HighOnAcid

It was just an example and I was trying to inflate the numbers to reinforce my point. Here it is again at a standard 10%.

Initial: $1000
Annual Input: $4000
Years: 10
Interest: 10%

Total: $72,718.41

Is that better?

Just more realistic. I got your overall point and agree with you on that. I do have some traffic sources that have returned MUCH better than that with my websites though. So for now I'd rather re-invest in the business.

strobi · 03-28-2005, 10:45 AM

Now comes the hard part -> getting more than 10% intrest. VERY hard to do if you invest in the regular stuff (stocks, commodities...). But if you know here and what to invest, it's doable.

Rob · 03-28-2005, 10:48 AM

Quote:

Originally Posted by GoodStuff

Just more realistic. I got your overall point and agree with you on that. I do have some traffic sources that have returned MUCH better than that with my websites though. So for now I'd rather re-invest in the business.

If you operate your own business then re-investing money into it is paramount. But it never hurts to diversify your money into other options especially when most of the people on this board operate adult related businesses which we all know can sometimes be volatile.

teksonline · 03-28-2005, 10:54 AM

Rob · 03-28-2005, 10:58 AM

Quote:

Originally Posted by teksonline

Nice. I guess I'll start posting shit like, "I just shit purple" or "My dick is plump". Seems whenever you try to post something helpful around here people just mock you.

Forest · 03-28-2005, 11:09 AM

where do u propose to find a 20% return investment

10% is more likly

But good outline

Salie · 03-29-2005, 04:13 AM

How much yield do mutual funds have these days? I heard they yield around 20%p.a.

imafuckingaussie · 03-29-2005, 04:20 AM

I thought your post was interesting so fuck the haters

Drake · 03-29-2005, 04:21 AM

Quote:

Originally Posted by HighOnAcid

Nice. I guess I'll start posting shit like, "I just shit purple" or "My dick is plump". Seems whenever you try to post something helpful around here people just mock you.

LOL

I appreciated the post Acid.

Do you any of you guys know of anybody who has actually done this? It takes discipline over many years.

BRISK · 03-29-2005, 04:24 AM

Quote:

Originally Posted by Salie

How much yield do mutual funds have these days? I heard they yield around 20%p.a.

Do you realize how many mutual funds exist?

yellowmenace · 03-29-2005, 04:25 AM

good post man.

$5 submissions · 03-29-2005, 04:46 AM

Good post, High On Acid. This is key information for everyone. If you worked hard for your money, its your responsibility to yourself to have that money work equally hard for you.

03-28-2005, 10:36 AM	#1
Rob I'm a great bowler. Industry Role: Join Date: Nov 2003 Location: Right Outside of Normal. Posts: 13,309	Compound Interest : Making Your Money Work For You! Wouldn't it be great knowing that your money is making your more money even when you're asleep? I have two words for you...Compound Interest! The Rule of 72 says that to find the number of years required to double your money at a given interest rate, you just divide the interest rate into 72. For example, if you want to know how long it will take to double your money at eight percent interest, divide 8 into 72 and get 9 years. Here's a simple example of how your money will grow with compound interest and a minimal investment: Initial Principal (your intitial deposit) : $1000.00 Yearly Input : $4000.00 (that's roughly $77 a week) Years To Grow: 10 years Interest Rate: 20% Compounds Once Annually and after 10 years you will have $130,793.41 Not too shabby! It doesn't take a lot of money to invest and make your money work for you. It is a misconception that you need a lot of money in order to make money on investments. So start saving up for your nest egg now. __________________

03-28-2005, 10:38 AM	#2
Dalai lama Strength and Honor Join Date: Jul 2004 Location: Europe Posts: 16,540	You for real? __________________ A program you can trust. Gallerybooster Run multiply TGPs of 1 script

03-29-2005, 04:13 AM	#12
Salie Confirmed User Join Date: Oct 2004 Posts: 116	How much yield do mutual funds have these days? I heard they yield around 20%p.a. __________________ IdealBandwidth Dedicated Hosting $18/mbit ,24/7 support icq:332-133-154 / [email protected]

03-29-2005, 04:20 AM	#13
imafuckingaussie Confirmed User Join Date: Jul 2003 Location: In the fucking outback Posts: 1,497	I thought your post was interesting so fuck the haters __________________ You can get it ploughing a paddock, you can get it makin some porn sites, matter of fact I've got it now. For a hard earned thrist, you need a big cold beer.

03-29-2005, 04:25 AM	#16
yellowmenace Confirmed User Join Date: Jul 2003 Location: Los Angeles Posts: 1,141	good post man. __________________ Yellow Menace icq# 322981173

03-28-2005, 10:41 AM	#4
GoodStuff Confirmed User Join Date: Feb 2005 Posts: 511	Show me where you can get a 20% interest rate that isn't a high risk investment.

03-28-2005, 10:45 AM	#7
strobi Confirmed User Join Date: Nov 2002 Location: Belgium Posts: 7,383	Now comes the hard part -> getting more than 10% intrest. VERY hard to do if you invest in the regular stuff (stocks, commodities...). But if you know here and what to invest, it's doable.

03-28-2005, 10:54 AM	#9
teksonline So Fucking Banned Join Date: Jan 2005 Location: At My Desk Posts: 2,904

03-28-2005, 11:09 AM	#11
Forest Confirmed User Industry Role: Join Date: Aug 2001 Location: Hollywood Fl. Posts: 9,005	where do u propose to find a 20% return investment 10% is more likly But good outline

03-29-2005, 04:46 AM	#17
$5 submissions I help you SUCCEED Industry Role: Join Date: Nov 2003 Location: The Pearl of the Orient Seas Posts: 32,195	Good post, High On Acid. This is key information for everyone. If you worked hard for your money, its your responsibility to yourself to have that money work equally hard for you. __________________ Need a NON-ADULT income stream? We build your YOUTUBE CHANNEL for only $20 per video! For Hire: $3/hour or $400 per month Marketing Specialist Virtual Assistants