Alan’s Financial Tips – Compound Interest

Those who do not plan, plan to fail.

The first person to live to 150 is alive today.

There is no such thing as a free lunch.  (Milton Friedman)

Compound interest is the most powerful force in the universe.  (Albert Einstein)

A $10,000 investment compounded at 7% would grow to:  

  • $20,000 after 10 years
  • $40,000 after 20 years
  • $80,000 after 30 years
  • $160,000 after 40 years

Bulls make money, bears make money and pigs get slaughtered.  (Jim Cramer)

In the 20th Century in the United States, free market capitalism provided the highest standard of living for the majority of its citizens.  ( Indexed in today’s dollars : Median income in year 1900 was around $5,000.  Today Medium income is around $80,000)

The greatest single financial threat during retirement is a Long Term care Illness. More than 50% of retirees will experience in retirement a long term care illness, which will take away their independence and quality of life and also significantly deplete their assets.

The only thing new in the world is the history you don’t know. (Harry Truman)

Alan Friedberg – 3/16/2019