halalmoney on Nostr: *Very few people have the mathematical skill to grasp the importance of time in the ...

*Very few people have the mathematical skill to grasp the importance of time in the compounding interest equations*

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nevent1q…2lxr

Yes, you’re correct. This is a good start. It’s really not where we need to be but it’s definitely a good start.

This is intended to help kids out when they turn 18.

My opinion is that we also need to seed money into their retirement accounts when they’re born that can’t be touched till they’re 65

Very few people have the mathematical skill to grasp the importance of time in the compounding interest equations

The growth is exponential and time is the only number you can actually make big assuming you start soon enough

Note the importance of time with regard to Warren Buffett’s wealth accumulation

Notably, 99% of his net worth was accumulated after age 50, and over 94% was earned after age 60