This concept theorizes that a person's responsibilities generally decrease and wealth generally increases over time.
" Albert Einstein called compound interest the eight wonder of the world and mankind's greatest invention, because it is the mightiest force ever unleashed for the amassing of wealth". You can determine what kind of savings plan works best for you and your budget by using The Rule of 72 - dividing the interest rate to estimate the number of years it takes for your money to double.
70-20-10 Rule: At the beginning of the month, before you pay anyone else, give your 10% tithes/gifts, then write a check to yourself for 20% of your income. The remaining 70% are for your expenses.
This concept theorizes that a person's responsibilities generally decrease and wealth generally increases over time.
THE IMG WEALTH CONCEPTS
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