If you can still remember my previous post about the Rule of 72, wherein you can determine your money or investment the number of years to double, at a certain interest rate. Now, I’d like to share to you where the Rule of 72 working against you as I have personally experienced this one just […]
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 Savings Account in any commercial […]
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 big sales and therefore each […]
Now that we’ve seen the World’s Richest People as of 2008, it’s now time that we get to know our own Billionaires and Millionaires. The Top 15 Philippines Richest People as of October 2007.
Guess who’s on the Top list of Philippines Richest People of 2007 according to Forbes.com? It’s no other than Mr. Jaime Zobel […]
Due to insistent public demand and the growing awareness on Mutual Funds, we’d like to elaborate on this topic more. What really is Mutual Funds and why is it making such a big intrigue to a lot of us, having a higher interest rate than the usual bank deposit? Isn’t this one of those SCAMS […]
In the year 2006, one of the headlines that surprised the world was when Warren Buffet donated half of his billions to Bill and Melinda Gates Foundation amounting to $37 Billions which is more than half of his worth.
Now, 2 years after, Warren Buffet still emerges as the World’s Richest Person with a worth of […]
If right after graduation, wherein 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.
