The first miracle is compound interest and the second I call service and selflessness.
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It involves adjusted qualified education expenses (AQEE), an exclusion phase-out, compound interest and American Samoa.
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Overall, every new business is much like any investment that accrues compound interest over time.
Much as compound interest compounds, so do governmental mistakes and their impact on the global economy.
If compound interest is an engine of growth, interest payments are the death spiral of bankruptcy.
For some students, the concept of accrued interest on debt is as foreign as compound interest on savings.
Einstein is famously thought to have said that the most powerful force in the universe is compound interest.
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Like compound interest, compounding these sorts of lost opportunities can make the difference between scraping along and financial independence.
Now comes a phenomenon that makes compound interest look like a squished snail.
Those who were correct regarding compound interest and inflation, for example, were more likely to have attended a retirement seminar.
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Just as compound interest is your best friend when you're saving money, it's your worst enemy when you owe money.
It is like giving a lecture on compound interest to an over-indebted person about to sign for a tenth credit card.
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Remember how as a kid it was hard to accept compound interest?
Compound interest on this sum for 142 years has a massive effect.
Even though the miracle of compound interest comes with the benefit of mathematical certainty, as Shakespeare said, it is honored more in the breach than the observance.
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So, for example, if you have a compound interest rate of 5%, you divide 70 by 5 and determine that your principal will have doubled in 14 years.
They say that every dollar a firm should have paid to a slave 150 years ago should be subject to compound interest at a rate tied to the firms' growth.
Albert Einstein almost certainly did not have anything to say about compound interest, but the essential truth is the same: It really is the force that moves everything else.
Yet despite the fact that we are all as familiar with this formula as we are with compound interest, very little of this intellectual water ever reaches our stone dry hearts.
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Levin, in particular, says he wants to see lenders end the common practice of charging consumers compound interest for average daily balances, even if those balances have been paid on time.
And through the discipline of good planning and the miracle of compound interest, you should be able to build wealth for yourself and a better future for your family and a secure retirement.
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Sadly, nations generally discover the truth of Albert Einstein's dictum that compound interest is the most powerful force in the universe not through the happy accumulation of wealth but through the agonizing enslavement of debt.
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When we concentrate on giving rather than receiving, on treating others the way we would like to be treated, we not only get back what we give but, like compound interest, we get back far more than our original investment.
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Not only would the women be awarded back pay, but because of precedent set in a 2010 National Labor Relations Board case, that back pay would be subject to a daily compound interest penalty, according to the Labor Relations Counsel.
The vast majority of our personal assests and person wealth are accumulated after our 40th birthday partly because we have more years of career after our 40th birthday, they are all the big ones, we have the benefits of compound interest, etc.
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Compound interest is so powerful.
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As a result of the power of compound interest, the choice of discount rate used to estimate the potential economic costs of climate change is more important for purposes of understanding the trade-offs associated with competing climate-change policy options than perhaps any other single issue in climate change economics.
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By the end of the wars, the government was borrowing all of the money for the fund from the same markets that the fund bought from, in the deluded belief that reinvesting the interest on the bonds held by the fund would yield compound returns sufficient to pay off the whole of the national debt.
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