If you think that this does not apply to you ...
Think again and readโ
First, a brief message ...
The Purpose of this post is to Invite You to join #ccc for Guaranteed ๐ Daily Income ๐ต and Payout ๐ธ for Newbies (2.0) ๐ ๐ ๐ in #ccc ๐ฃ and Follow ๐ฃ the Honor Code ๐
- the Creed (Conditions and Limits Inside)
AND
the latest update <<< please click to read.
By PAUL A. MERRIMAN - COLUMNIST
Thereโs a song that was a No. 1 hit in 1954 called โLittle Things Mean a Lot.โ Its title could sum up todayโs simple lesson.
By saving less than $100 a month, adjusting the savings for inflation, and investing well, a young person can retire with millions.
Iโve known this truth for a long time, but now I have numbers to demonstrate it year-by-year.
Here is the song sang by three different people.
Enjoyโ
Wanda Jackson - Little Things Mean A Lot (1963)
LITTLE THINGS MEAN A LOT - MARY KIANI
WillieNelson
Published on Feb 26, 2016
Provided to YouTube by Sony Music Entertainment
Disclaimer - I am neither encouraging nor discouraging investing in stocks or trading ETH, STEEM or SBD. I am not giving any financial advice. I am only sharing what I am doing and being transparent with my activities. |
---|
I have also posted about the power of compounding but could not find that post ...
Behold the Miracle of Compounding - Kiplinger
https://www.kiplinger.com/.../T063-C006-S001-behold-the-miracle-of-compounding....
Nov 8, 2007 - Behold the Miracle of Compounding. When you're young, you have an asset money can't buy: TIME. ... It magically turns a little bit of money, invested wisely, into a whole lot of cash. Even Albert Einstein -- a bit of a smarty pants -- is said to have called it one of the greatest mathematical concepts of our time.
The Power of Compound Interest - Wealthfront blog
https://blog.wealthfront.com/compound-interest/
The Miracle of Compound Interest. If you've ever heard compound interest described as โthe most powerful force in the universe,โ it's probably on account of a quote to that effect attributed to Albert Einstein. As it happens, the quote itself is probably an urban legend.
Back to the article ...
Using reliable data going back to the start of 1970 ... assume that an investor sets aside $1,000 in 1970 and increases the annual savings by 3% each year to roughly keep up with inflation.
...
The monthly savings rate didnโt exceed $100 until 1976.
... the money was invested in the Standard & Poorโs 500 Index SPX, +1.39% through an index fund with an annual fee of 0.1%.
(You may think that 0.1% is pretty negligible, but Iโll show you otherwise shortly.)
Key points -
๐ 1
- start early
๐ 2
- save and invest regularly
๐ 3
- 0.1% fee is pretty NOT โ negligibleโ
Thatโs the first of two โlittle-things-mean-a-lotโ lessons here: Small contributions can grow to become mighty sums.
My Key points -
๐ "past performance is not indicative of future resultsโ"
A disclaimer that is required by LAWโ - and should be kept in mind - ALWAYSโ
Personally, and this is not financial advice, I believe that the last 100 years of world history is about to make a major shift - hence the "Freedom Shift" ... |
---|
Freedom Shift: 3 Choices to Reclaim America's Destiny by Oliver DeMille
https://www.goodreads.com/book/show/8680244-freedom-shift
Rating: 4.6 - โ259 votes
Start by marking โFreedom Shift: 3 Choices to Reclaim America's Destinyโ as Want to Read: ... A FreedomShift is needed today; and to accomplish it, Oliver DeMille proposes The 3 Choices to Reclaim Americaโs Destiny. ... This book was a great follow up to Oliver De Mille's last book ...
Disclaimer - I am NOT endorsing the book nor am I selling it - hence I did NOT post the link from amazon. |
---|
๐ ๐ ๐ ๐ ๐ ๐
๐ ๐ ๐ ๐ ๐ ๐ ๐ Source (CC BY 2.0)
Footnote begins from here. |
---|
For a Complete List of Open Contests in #ccc, please see
Current Open Contests in #ccc and my Offer to Sponsor Your Contest to Win ๐
SBD ๐ต or SBI ๐ต shares - #13
๐ซ ๐ ๐ผ ๐ท ๐ ๐ฌ ๐ฏ ๐ข ๐ ๐ ๐ ๐ ๐ ๐ Source (CC BY 2.0)
For the latest emoji list, please see
๐ Fun-Day ๐ Post - Labeled โ and Searchable ๐ Emoji ๐ List ๐ Version #6
Perhaps, the best way to earn is to build up SBI shares - Win SBI, give SBI, or trade SBI!
Steem Basic Income
Steem Basic Income is a social experiment to bring a basic income to as many Steemians as possible. Members join by sponsoring others into the program. Steem Basic Income is delivered through providing regular upvotes to member content.
Many of our members use the #steembasicincome tag for their contests, so check there for contests that we might not have resteemed!
You can check who has how many shares at steem basic income spreadsheet |
---|
This is an Invitation to join #ccc for Guaranteed ๐ Daily Income ๐ต and Payout ๐ธ for Newbies (2.0) ๐ ๐ ๐ in #ccc ๐ฃ and Follow ๐ฃ the Honor Code ๐
- the Creed (Conditions and Limits Inside)
AND
the latest update <<< please click to read.
- What ALL Newbies Must Know about Upvotes, Re-steeming, Commenting, and "dust votes" - @freedomshift
- My 2 ยข (two cents) - $0.02 is not Gonna Pay OR Will It? - @freedomshift
- Your 2 Cent Vote is Worthless, The Real Deal on Dust Votes - @thedarkhorse
- Introducing Dustsweeper. A new service to turn Dust into Profit - @dustsweeper
- steem basic income spreadsheet
Although HTML coding is not copyrighted nor can it be due to its usage:
&#โฌan Integerโญ;
, but, to make cheetah ๐ happy, I'll agree that such coding is out there such as what cheetah ๐ has found below; but, no one "owns" it ...
Source: https://www.vertex42.com/blog/help/excel-help/using-unicode-character-symbols-in-excel.html
Hello ๐บ @banjo ๐ and Howdy ๐บ @cleverbot! ๐
Hello ๐บ @automation ๐