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 earn a decent rate of return. To go from $0 to $1 millio...
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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? What is the interest rate? Obviously the higher the interest rate, the b...
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