Because of the effects of compounding, money grows quicker as the numbers get bigger. And after a while it takes less and less time to hit the next milestone. Just like when you’re building a wealth of understanding, you can learn faster after you’ve learned the basics.
Archive
Here's the archive of blog posts by month.
All of us have a story about how we did something stupid with our money. Even though these lessons hurt, it’s best to treat them as the cost of education, and to learn from them. As you grow your wealth of understanding, consider learning from others instead of making the mistakes yourself. One of the […]
If I open two investment accounts for my kids and fund them with the same amount, for the same length of time, when they both turn 65, my younger daughter will have $1M more than her sister because her account will have been invested for 4 years longer.
Robert Kiyosaki was one of the first finance authors I read when I began amassing a wealth of understanding. His book Rich Dad Poor Dad really shifted how I thought about riches, wealth, freedom, and my current circumstances. His follow up book Cashflow Quadrant took a lot of the theoretical concepts in Rich Dad Poor […]