Pay your mortgage off faster Sep 1, 2010
Then compound interest and investing will be able to actually earn us money. The sooner the mortgage is gone, or at least significantly reduced (given the size of mortgages these days. (Sydney Morning Herald -- Sport)
This little piggy made $80,000 Sep 1, 2010
The magic of compound interest ... We are looking at benefiting from compound interest. (Sydney Morning Herald -- Business)
ZUCKERMAN: The Most Fiscally Irresponsible Government in History... Aug 28, 2010
Or, and too often both, you have a credit card line that you cannot repay and the issuer has you on the rack for ever bigger compound interest on the debt. The lesson has been well and truly learned that debt catches up with you. (The Drudge Report)
Simple VS Compound interest Aug 22, 2010
What's so special about compound interest, anyway. The magic of compound interest lies in the rule of 72 ... So with the same R1000 we can look at several rates of return and see compound interest at work. (iAfrica.com)
All you need is time Aug 22, 2010
Last Upd: 02:30pm 20 Aug 2010. Life Insurance Quote. (iAfrica.com)
22 Comments Aug 14, 2010
At some point the Germans are going to say, "screw this, we are working our asses off, while the Greeks sip ouzo. and the Spanish and Portugese take afternoon siesta's. Take away the ruins of ancient Greece, cheese, and sheep, and you really don't have much of anything left, other than fantastic islands. And who wouldn't want to retire at 55, or whatever. Isn't socialism great! Take from the rich and give to the poor...until all the rich move out. Buy some Greek bonds....or just bend over and... (Salon)
Getting a cheap mortgage Aug 14, 2010
"From the day you receive your first salary cheque. The sooner you start the better and the reason for this is what Albert Einstein called the eighth wonder of the world: compound interest. While it simply refers to earning interest on interest already earned, the snowball effect compound interest creates in exponentially growing even a small investment, given time, is truly a wonder," explains Goslett. For example, if you save just R100 a month over 40 years with a 10 percent escalation, you... (iAfrica.com)
Compounding: easy route to a million Aug 5, 2010
It is an amazing fact that in the entire 14 or so years we spend in school, we are rarely taught about the magic of compound interest ... Albert Einstein, not shy in the brains department, claimed that compound interest was "the greatest mathematical discovery of all time" ... The earlier you start investing, the more time you have for compound interest to take effect. (iAfrica.com)
Parents start early on lessons about saving Jul 27, 2010
Explaining the concept of compound interest to them is challenging, he said, but they can see it when they get a statement. We thought it was important when they received an allowance or a gift, that they should save some of it and spend some of it, Feltoon said. (Philadelphia Business Journal, PA)
Rand cost averaging Jul 24, 2010
Last Upd: 03:20pm 24 Jun 2010. Life Insurance Quote. (iAfrica.com)
Debt-ridden young adults seek professional help on money management Jul 19, 2010
Those having problems settling their debts should seek early help before compound interest takes a toll on them, he advised. Voicing similar concern over the alarming increase of young adults being declared bankrupt, Fomca chief executive officer Datuk Paul Selvaraj agrees that most of them are in trouble because of mismanagement of credit cards. (The Star Online, Malaysia)
Don't blame student loan firms if you don't pay bills Jul 19, 2010
Also, of course these loan companies are going to use compound interest and penalize you if you don't pay any student loans in four years. This is a very common practice. (Seacoast New Hampshire)
Your future: old and poor Jul 17, 2010
"Often people dont realise the impact of saving until its far too late. "Even though you might have a long time to retirement, or you feel that the amount you have saved up in funds is not worth preserving, remember that the power of compound interest plays a massive role in securing a healthy retirement. " Anderson noted that the survey look at the main factors that influence a members ability to achieve a "reasonable level" of income after retirement. The concept of a reasonable level of... (iAfrica.com)
Financial literacymust be taught in school Jul 15, 2010
The survey discovered that only 41 percent know what a credit score is; only 28 percent understand annual percentage rates; only 41 percent understand the concept of the 401(K); and only 31 percent understand compound interest. What these findings cry out to me is: We must reach young people while they are a captive audience -- in school -- to teach them some of the most essential life skills they need to be successful with money basics. (NJ.com -- Times)
The Motley Fool's Weekly Editors' Picks Jul 4, 2010
Here's part of what Fool contributor Morgan Housel had to say: "Don't forget the secret weapon of compound interest. Work like a machine. Save like an animal. Whatever material luxuries you're forgoing today are probably trivial to the wealth you'll accumulate by starting young.". Click to the story to read the full advice given by three Fools and to see why they think stocks including Costco, Google, and Mosaic are worth looking into. (MSNBC -- Business)
How to be a millionaire Jun 27, 2010
This is a straight forward compound interest calculation without being adjusted for inflation. Increase in line with inflation. (iAfrica.com)
Ed Morrissey Jun 20, 2010
The most powerful force in the universe is compound interest ... And because of compound interest, unlike the Gulf leak, our debt is just going to get worse and worse. (Townhall.com)
Brazil trading shrinks 39% Jun 17, 2010
"My wealth has come from a combination of living in America, some lucky genes and compound interest.". Billionaire investor Warren Buffett, on the role of chance in amassing his fortune. (San Francisco Chronicle -- Business)
Buffett's call to billionaires' alms Jun 17, 2010
My wealth has come from a combination of living in America, some lucky genes, and compound interest,'' he wrote. Both my children and I won what I call the ovarian lottery. (Sydney Morning Herald -- Business)
Welcome to the Real World: Financial Advice for New Grads Jun 16, 2010
Again, a no-fee, low-interest card is best -- but urge her not to carry a balance unless absolutely necessary (explain the dangers of compound interest; make sure she reads the fine print to understand interest rates and penalties for late or missed payments). There are new rules about credit card disclosures designed to inform and protect consumers -- and you (and she) can read about them at the Federal Reserve's website (www. (Townhall.com)
Kenya: Local Councils Starved of Cash As Millions Stolen May 31, 2010
For instance, the report says, the National Social Security Fund charges a compound interest rate of 5 per cent per month on any outstanding arrears. The big authorities also have low levels of commitment to meeting their debt reduction plans, with the four largest -- Nairobi, Mombasa, Kisumu and Nakuru -- accounting for 74 per cent of the total outstanding debt in 2007/08. (allAfrica.com)
Why you need advice May 11, 2010
If you are an investor (not a speculator), once you have made a fund choice, your ability to make the most of it is dependent on whether you remain committed to the investment for long enough to benefit from the potential returns, smooth out the inevitable short-term ups and downs and let the power of compound interest increase the value of your money and compensate you for the costs of investing. These steps sound simple enough but the gap between fund returns and investor returns shows that... (iAfrica.com)
More superannuation is a barrow worth pushing May 10, 2010
The ''compound interest'' effect of this reform for the final retirement benefit of these people is huge. One estimate by the federal Treasury puts the effect at more than $100,000 in extra retirement savings for a lower income worker over a 40-year employment lifetime. (Sydney Morning Herald -- Opinion)
"Vandals" present petition to Government May 7, 2010
"A major issue of concern is the time of disbursement, the compound interest on the loan and the worse of it all the meagre nature of the loan." The students called on government to call on the Academic Board and University Council to annul the policy of ... loan, increase the meagre amount as well as review the harsh compound interest associated with the credit facility ... disbursement, the compound interest on the loan and the worse of it all the meager nature of the loan. (Ghana Web, Ghana)
BSLI Bachat Endowment Plan: Stay long to gain from it May 6, 2010
Simple interest vs compound Interest ... On the other hand other debt instruments such as PPF or Bank FDs offer compound interest (calculated each period on the original principal and all interest accumulated during past periods). (India Times)
Stomach Cancer on the Rise Among Young, White Adults May 6, 2010
"That may sound like a small number, but over a number of years that percentage can grow just like compound interest on a loan.". The primary cause of lower stomach cancer is the bacteria H. pylori. (MEDLINEplus)
Fast-food chains heading overseas, fast Apr 30, 2010
International is like compound interest, he said. It starts to pay back pretty nicely in a short amount of time. (Atlanta Journal-Constitution -- Business)
Latest: Paul Ryan: Obama Leading US on Dangerous Path to Welfare State Apr 23, 2010
You can harness the power of compound interest and actually own your retirement benefits. Those are the things that I m basically proposing, which all taken together makes our economy grow faster and makes sure that we have higher living standards for future generations. (Newsmax)
Vampire tops Forbes rich list as Uncle Sam falls off Apr 18, 2010
Cullen, 370, had amassed his fortune from three centuries of compound interest on investments, helped by his financial adviser daughter who can see into the future, and 340 years of a doctor's salary without any grocery or health care expenses, the magazine said. - Bloomberg. (Business Report, South Africa)
Why your investments fail Apr 17, 2010
Read to learn how extremely safe shares are over the long-term and to see how compound interest works. Know that the money market is not a safe long-term investment. (iAfrica.com)
Student Loans in Ghana: The Way Forward Apr 8, 2010
This injurious scheme, which replaced the SSNIT loan with compound interest of 12% of average monthly Government of Ghana 182-day Treasury bill rate( applied on the loan), was not favourable to students that depended on them ... The Students Loan Trust Fund Board, as a matter of urgency, must stop the deductions from the meagre loan in the name of Student Loan Protection Scheme, and source for money to meet the current problem of the ever increasing needs of students and review the compound... (Ghana Web, Ghana)
Moves to garnish pay on rise nationwide Apr 2, 2010
But Discover was suing her for $5,564, mostly for late fees, compound interest, penalties, and other charges. He called Discover s actions unconscionable and threw the case out. (Boston Globe)
King & Spalding wins judgment for Chevron Apr 2, 2010
As a result, the tribunal found about $700 million in principal damages and interest as of Dec. 22, 2006, pending further proceedings to determine applicable taxes, compound interest and costs. The King & Spalding team involved in the final hearing included partners R. Doak Bishop, Edward G. Kehoe, Wade M. Coriell, and associates Isabel Fernandez de la Cuesta, David H. Weiss and Elizabeth Silbert. (Atlanta Business Chronicle, GA)
Trouble on the horizon Mar 26, 2010
" Working longer can boost your standard of living Don't fancy working any longer than you have to? Then maybe this will persuade you. As John Dani of IPAC Securities points out, working longer gives a double financial benefit. Not only are you putting off the date when you start to spend savings but you're continuing to save and enjoying compounding returns while you do it. To show what a difference it can make, IPAC's head of technical services, Colin Lewis, looked at the case of Jack and... (Sydney Morning Herald -- Business)
Invest in their future Mar 21, 2010
The effect of compound interest means any withdrawal will severely curtail the final amount in the fund. Encourage your child to contribute to their education with money from part time and holiday jobs. (iAfrica.com)
Emme back in 'Island Moments' hana hou Mar 20, 2010
She has 60 shows in her TV bank some tied to news of the moment, others with Christmas holiday themes, still others that gave a nod and nudge to a legion of careers, here and abroad that continue to compound interest. The retelecast will stir memories for those who recall the originals and enlighten a new generation of viewers who will get a peek at some true notables and achievers. (Honolulu Advertiser)
Yearning to yell, having no voice Mar 18, 2010
cedarchopper wrote on Feb 28, 2010 10:51 AM:" You are significant to the government, as a unit of debt - whose feet have to be held to the fire and forced to perform your obligations to debt slavery - that is why the Total Control Matrix is tightening around us all.The government is the administration system of the owners of the country (the ones we rent the money supply from - you know, the Wall Street to K Street axis.Don't feel irrelevant, you are very important to the operation of the... (Boerne Star, TX)
Common Sense Mar 17, 2010
And let's say that kind of stuff keeps happening: That the costs keep rising, the CBO keeps scoring and suddenly it's $300 billion more, then $400 billion more, then with the gift of amazing compound interest a trillion bucks. Double what they thought, double what they promised or maybe triple or quadruple. (Fox News)
Carlos Slim Nabs 'Richest Man' Label Mar 11, 2010
As a youngster he also kept accounting ledgers of what he earned and spent and bought a government savings bond from which he learned valuable lessons about compound interest. More than half a century later Slim, 70, has amassed a fortune of $53. (Newsmax)
Eskom: Power supply to be 'extremely tight' from 2013 Mar 3, 2010
The statement that by 2013 our electricity supply will be extremely tight; this after 3 years of massive, compound interest price hikes, is a sick and downright shameful disgrace to say the very least. It simply confirms our suspicions of vastly too expensive and very poor stewardship and corrupt connivance. (Business Report, South Africa)
Are we ungovernable? (51) Mar 2, 2010
cedarchopper wrote on Feb 28, 2010 11:22 AM:" We are easily governed, all it takes is mind control (from the teevee you stare at in a trance telling you what to think), Hegelian dialectics to herd you into an ideological position, and a hierarchical compound interest debt backed by debt power system to keep you humping...and of course, a police state to put you in a cage if you get out of line...just to name a few of the ways ;] ". You must register with a valid email to post comments. (Boerne Star, TX)
Teaching Children about Money Manag... Feb 28, 2010
Open a bank account and explain the concept of compound interest ... They will already understand the compound interest concept as associated with savings. (Suite101.com)
Watch These Oil Numbers! Feb 23, 2010
We also note that even should government succeed in increasing its stake in the Jubilee field, as for instance through the Kosmos divestment, compound interest payments and other costs of the capital used for that acquisition are likely to offset any gains made with respect to dividends from participating interest, at least during the phase of production under consideration. Thus, the best case scenario assigns to Ghana 55% of all the oil revenues. (Ghana Web, Ghana)
On Fiscal Follies and Economic Ne'er-Do-Wells Feb 17, 2010
There are a handful of factors -- the inexorable impetus of demographics, the miracle of compound interest and the growing role of government -- that cannot be ignored, no matter what your political persuasion. The fiscal situation of the United States combines all three of these factors and gives the formerly fringe, doom-and-gloom crowd newfound "street cred." And, looked at from the outside, the emerging culture of government entitlements and subsidies in the United States is scarcely... (Human Events Online)
For savers, low ratesare matter of high interest Feb 6, 2010
Such accounts are mutual funds invested in short-term debt and, unlike money market bank accounts, are not guaranteed by the FDIC. Connie Bugbee, managing editor of iMoneyNet, said the extreme drop has shocked savers who put their faith in compound interest. You can t compound what s not there, Bugbee said. (Boston Globe)
Restore the voice of the people (43) Feb 1, 2010
cedarchopper wrote on Jan 31, 2010 11:41 AM:" The Wall Street to K-Street power axis has owned government for a long time. Corporate lobbyists write the legislation that "lawmakers" sponsor...they don't even read it necessarily, much less write it.This Supreme Court ruling, firmly establishing corporations as persons, with all the rights of flesh and blood persons - even though a corporation is a hierarchical power structure ( the offspring a of hierarchical compound interest debt backed by debt... (Boerne Star, TX)
Creative Ways to Save Money Jan 27, 2010
Because of the power of compound interest, when young people save money, they have time on their side ... The cumulative effect of the compound interest and time makes for a good earning strategy ... Thee has a compound interest calculator to figure interest daily, weekly, monthly, quarterly, half-yearly, or yearly. (Suite101.com)
Corzine's final State of the State address Jan 13, 2010
Even if we don t borrow another penny over the next decade for highways, school construction, or open space, our debt will double because of the power of compound interest, Corzine said. Most Read Stories. (Philadelphia Business Journal, PA)
Compound Advantages in 2010 Jan 10, 2010
Back when saving mattered more than spending, compound interest was a sought-after earnings accelerator. Compound interest is interest on interest ... For a rough estimate, use the Compound Interest Rule of 72: To determine the doubling point, divide 72 by the percentage of interest. (RealtyTimes)
Where are the cheapest places to live? Jan 10, 2010
Don't give a bank or any financial institution the benefit of any doubt, they are all userers who will lend you your own money and complain that they're not making enough profit from the compound interest - by the way the most evil and destructive idea ever created by a slimebag is compound interest - it's destroyed nations in the past. Look for the lowest fixed-rate interest you can find and pay it off as quick as you can, then buy gold and bury it in the backyard - you'll make more profit in... (Sydney Morning Herald -- Australia)
