Seven things keep you thinking
Created by tom on Wednesday, April 18, 2012
  1. Debt = Dead, they sound the same, they treat people the same too.
  2. Give a person a fish, he only eats fish once. Teach a person how to catch fishes, he will eat fish for the rest of his life.
  3. $1,000,000 is more or a magic penny that will double your money from a penny by one month.
    1 day: 1 cent
    2 day: 2 cent
    3 day: 4 cent
    4 day: 8 cent
    5 day: 16 cent
    6 day: 32 cent
    7 day: 64 cent
    8 day: $1.28
    9 day: $2.56
    10 day: $5.12
    11 day: $10.24
    12 day: $20.48
    13 day: $40.96
    14 day: $81.92
    15 day: $163.84
    16 day: $327.68
    17 day: $655.36
    18 day: $1,310.72
    19 day: $2,621.44
    20 day: $5,242.88
    21 day: $10,485.76
    22 day: $20,971.52
    23 day: $41,943.04
    24 day: $83,886.08
    25 day: $167,772.16
    26 day: $335,544.32
    27 day: $671,088.64
    28 day: $1,342,177.28
    29 day: $2,684,354.56
    30 day: $5,368,709.12
  4. Rule 72: how long does it take to double your money?

    You don’t need to understand the math behind it. All you need to know the percentage you gain from your money from a certain period.

    For example: If you have $1000 you put it on 6% one year CD(of course, this is magic number this day), you will double your money by this rule: 72 / 6 = 12 years. The 72 is from the Rule 72, 6 is from the 6% rate. If you divided 72 by the rate number, That is how much time you need to double your money.

    The banks use this rule to calculate how much they make when they give your mortgages too. If you got a loan for 6% for 15 years. You actually pay them double of the loan amount by the 12th year(72/6=12).

  5. Live under your means: find out what it means by searching on the internet.
  6. .Rich is not equal wealthy
  7. Time is more valuable than gold.
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