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Reply to "What is your age and net worth?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]45/47 net worth of $3.99million. No family help. There is definitely power in compounded interest. Kids will be going to college in 3-5 years and have about $500k (for both) for their college so far. Grew up super poor and now feeling more secure in our finances. [/quote] I call BS on this ( and most of the others), compound interest? At todays rates you would be losing money to inflation. Liar or idiot.[/quote] You know they aren't talking about a passbook account, right. The market was up 20%+ this year.[/quote] Right. A better term may have been compounded returns.[/quote]
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