Personal Finance and Investing

multigraincracker

(34,242 posts)

6. When I was living in Ohio there was a man in town

Mon Apr 26, 2021, 08:23 PM

Apr 2021

that donated $10million to a college basketball team. He also donated millions more to others. He was a high school teacher with only a BS degree. The reporter asked him how he did it. He said when started teaching a guy told him to pay himself first out of his check and invest it in high quality, high dividend stocks. He did and it worked for him. He said that Einstein said the greatest force in the universe was compounding interest. Very boring, but it works.

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The best investment book I have ever read [View all] Tomconroy Apr 2021 OP

Living below your means in your 20s can be damn hard Shermann Apr 2021 #1

I think both authors Tomconroy Apr 2021 #5

Red and bookmarked underpants Apr 2021 #2

compound interest these days is about 0.00000000000000000000000001% lol nt msongs Apr 2021 #3

Only if you were in a savings account Tomconroy Apr 2021 #4

When I was living in Ohio there was a man in town multigraincracker Apr 2021 #6

Thanks CommonHumanity Apr 2021 #7

I do really care about this subject. Tomconroy Apr 2021 #11

Thank you for your interesting post XanaDUer2 Apr 2021 #8

To everyone who claims it is totally, 100% impossible to save anything, PoindexterOglethorpe Apr 2021 #9

Your niece may not be entirely wrong --- depends on the interest on the loans she owes. 3Hotdogs Apr 2021 #10

If I remember correctly Tomconroy Apr 2021 #12

Yeah, if you're borrowing for "it," you can't afford it. 3Hotdogs Apr 2021 #13

This message was self-deleted by its author 3Hotdogs Apr 2021 #14