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Mark Sekree Posted:
1 year, 356 days ago (October 6th 2015)

Financial Advice

Time, the magic ingredient

I just caught the Futurama episode where Fry (a pizza delivery boy from the year 1999 who falls in a freezer and wakes up a thousand years later, for those who don’t watch) checks out his bank account.

93 cents, collecting 2.5% interest per year is now worth…?

$49,243,435,070!! That is $49 billion. I checked the maths, as it’s almost unbelievable, and sure enough it’s correct.

This really highlights the importance of time and ‘compound growth’ in becoming wealthy- the whole ‘get rich slowly but surely’ philosophy.

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