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! :thumbsup

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. :thumbsup

You for real?

What do you mean?

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? :winkwink:

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.

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.

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.

:1orglaugh

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. :disgust

where do u propose to find a 20% return investment

10% is more likly

But good outline

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

I thought your post was interesting so fuck the haters :321GFY

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.

Do you realize how many mutual funds exist?

good post man.

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.