tag:blogger.com,1999:blog-34503628.post4414769365753707992..comments2024-03-26T20:28:00.690+08:00Comments on Journey to Become Financially Independent: Why Compound Interest Is So Powerful?ChampDoghttp://www.blogger.com/profile/15551303930099640011noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-34503628.post-57129567442709234812013-04-27T00:18:03.483+08:002013-04-27T00:18:03.483+08:00I cannot agree more here. Great article.I cannot agree more here. Great article.Anonymoushttps://www.blogger.com/profile/08474551845661031816noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-72537262696908725092009-06-05T23:15:15.341+08:002009-06-05T23:15:15.341+08:00@Relax
Yes, that's why super duper rich people...@Relax<br />Yes, that's why super duper rich people do not really rely on compound interest. Compound interest is for average people to get rich slowly IMO.<br /><br />@Dave<br />Yes, compound interest on loan could be really scary. Inflation is also one of them...ChampDoghttps://www.blogger.com/profile/15551303930099640011noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-40687739010460572582009-06-02T20:09:45.839+08:002009-06-02T20:09:45.839+08:00so, compound interest can bring advantages and oso...so, compound interest can bring advantages and oso disadvantages..it's better to think twice when applying loan to buy anything like car ,home...imDavidLeehttp://imdavidlee.comnoreply@blogger.comtag:blogger.com,1999:blog-34503628.post-82662115051057081452009-06-02T09:30:05.853+08:002009-06-02T09:30:05.853+08:00I mean it takes long time to become SUPER rich. Th...I mean it takes long time to become SUPER rich. That kind of filty billionaire rich.<br /><br />If your goal is just mediocre financial freedom, it takes only a few years and some "luck". Thanks to compound interest.Relaxhttp://wisecurve.comnoreply@blogger.comtag:blogger.com,1999:blog-34503628.post-47893468414502203772009-05-31T22:27:05.790+08:002009-05-31T22:27:05.790+08:00@Alvin
Good point! Things will only become powerfu...@Alvin<br />Good point! Things will only become powerful only if we know how to apply them. <br /><br />I don't think people should treat FD as an investment. FD is always a saving for me. <br /><br />Yes, that is the thing you minus out the inflation, it probably won't be a big deal. But still, many are still attracted by the huge amount of return. <br /><br />@Relax<br />1000 years? Are you trying to say that we will never get rich using the compound interest?ChampDoghttps://www.blogger.com/profile/15551303930099640011noreply@blogger.comtag:blogger.com,1999:blog-34503628.post-79405400875080652152009-05-31T19:20:34.049+08:002009-05-31T19:20:34.049+08:00compound interest will make you super rich if you ...compound interest will make you super rich if you can live 1000 years and wait for that long.Relaxhttp://wisecurve.comnoreply@blogger.comtag:blogger.com,1999:blog-34503628.post-13079562801214958432009-05-31T16:30:52.907+08:002009-05-31T16:30:52.907+08:00Compound interest is as powerful as we think it it...Compound interest is as powerful as we think it it - or better, as powerful as how we want it to be. If you don't know how to use it, it's not powerful at all. <br /><br />And with the current 2% FD...erm...compound interest for the investor is pretty difficult to achieve ;)<br /><br />Also, those insurance and mutual fund agents always use the theory of compounded interest to attract people who donno what it is. They will show u the amount of money you get in 30 years, by just investing RM 100. What they didn't show you is that, our inflation rate can actually make that final amount not so significant at all.Alvin Limhttp://blog.alvinlim.infonoreply@blogger.com