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To: bigbob

I saw an adv a few years ago that somewhat did that same thing, they were pushing retirement savings and would show how much you could put into retirement rather than a purchase. For example, if you bought a watch for $1,000 in 30 years when you turn 65 that could have been $4,000. It made an excellent point.


7 posted on 02/21/2010 3:07:44 PM PST by Jolla
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To: Jolla

ever heard of the rule of 72? You divide the interest rate into the number 72 and it shows how long it takes to double your money. It shows the power of compound interestn.


16 posted on 02/22/2010 1:37:45 PM PST by RobRoy (The US today: Revelation 18:4)
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To: Jolla
For example, if you bought a watch for $1,000 in 30 years when you turn 65 that could have been $4,000. It made an excellent point.

Or, if you had invested that money in the Bovespa, Shanghai or Sensex between 2004 to 2007, that $1,000 would have become $4,000 or more in 4 years....
22 posted on 02/22/2010 8:11:50 PM PST by Cronos (Philipp2:12, 2Cor5:10, Rom2:6, Matt7:21, Matt22:14, Lu12:42-46,John15:1-10,Rev2:4-5,Rev22:19)
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