People like Brian Tracy often point out that almost everyone in wealthy countries such as Canada or the United States of America can become millionaires over the course of their working lifetimes. If you simply save $100 per month and invest this money in an investment that gives a yearly rate of return of 10% [...]
Posts Tagged ‘compound interest’
An Interesting Definition of Financial Wealth
I came across an interesting definition of (financial) wealth recently in The Rules of Wealth: A Personal Code for Prosperity (Rules Series) by Richard Templar. Here is the quote from Rule 2 “Decide on your definition of wealth”, pg. 8: I have a wealthy and extremely generous friend who says that he knew long ago [...]
