Before you read this post, I must WARN you. The VIDEO you're about to see is highly contagious that if you can practice this in your daily activities, will tremendously CHANGE your life. This is really serious! If we could have the discipline to instill these laws, believe me, ... Read More
Before you read this post, I must WARN you. The VIDEO you're about to see is highly contagious that if you can practice this in your daily activities, will tremendously CHANGE your life. This is really serious! If we could have the discipline to instill these laws, believe me, ... Read More
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What is the rule of 72? How is it related to Financial Planning?
Posted On Monday, 12 May 2008 By Garry DC. Under Facts and Theories, Mutual Funds Tags: money matters, Mutual Funds
The rule of 72 dictates that to be able to compute the approximate number of years for your money to double, simply divide 72 by the interest rate.
72 / interest rate = approximate no. of years it will take for your money to double.
Let's take the example of having a ... Read More
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Don’t Put Your Retirement Fund in the Bank
Posted On Friday, 09 May 2008 By Garry DC. Under Facts and Theories, Mutual Funds, Retirement Planning Tags: money matters, Mutual Funds
For this post, I'd like to borrow Bo Sanchez' Chapter 30 story of the '8 Secrets of the Truly Rich' that differentiates the spender from a saver and from an investor. According to that chapter, there were three (3) salesmen, James, Jim and John. The three of them got a ... Read More
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Save P1,000 a month and have P1 million in 22 years
Posted On Monday, 05 May 2008 By Garry DC. Under Facts and Theories, Mutual Funds Tags: money matters, Mutual Funds
If right after graduation, when I got my first job, I had the discipline to save at least P1,000 a month, I would have only needed 14 years more to have accumulated more than 1 million in savings.
Do the math. I graduated in 2000, and I have been working for ... Read More
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