Your First Million Is the Toughest

I once heard someone say that earning his first $10,000 was much more difficult than earning his last $1,000,000. It may not seem to make a lot of sense, but when you understand compounding interest it makes more sense. And the end result can be even more amplified if you use leverage to your advantage.

Here are a few charts that showcase how many years it takes to reach each $1 million threshold given that you regularly invest and Continue article...

How much interest do you earn on one million dollars?

A lot of people end up at my site after searching on the question “How much interest do you earn on one million dollars?”

So, I’ve decided to give them a proper answer: How much interest do you earn on a million dollars? The answer is, of course, it depends.

It depends on several factors including: What is the interest rate? Over what period of time? How often is the interest calculated and paid during the period?

The Most Powerful Force in the Universe

What did Albert Einstein, well known for being smarter than the average cat, claim to be the most powerful force in the universe? … Compound interest!

Compound Interest has also been called the eighth wonder of the world and the greatest mathematical discovery of all time.

Fortunately for the rest of us, you don’t have to be a genius to understand compound interest. In fact, it’s pretty simple.