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https://www.facebook.com/banearu/videos/ [login to see] 99995/
This is awesome to see a child learning about how this work.
Disclaimer:
After we recorded it we noticed the mistake, but decided it wasn't that important as it didn't take away from the rule of 72. When I read the wall street journal, Observer | The Guardian newspapers, I can always find a grammatical mistake, but it doesn't take away from the information. When I watch blockbuster movies I can find mistakes. I don't take your comment as negative, I don't really see that in it. I think you are honestly just pointing out an error. My reply is not really for you but for those whose focus is the mathematical error and not the message she is delivering. Thanks for taking the time to watch and comment.
Original poster
This is awesome to see a child learning about how this work.
Disclaimer:
After we recorded it we noticed the mistake, but decided it wasn't that important as it didn't take away from the rule of 72. When I read the wall street journal, Observer | The Guardian newspapers, I can always find a grammatical mistake, but it doesn't take away from the information. When I watch blockbuster movies I can find mistakes. I don't take your comment as negative, I don't really see that in it. I think you are honestly just pointing out an error. My reply is not really for you but for those whose focus is the mathematical error and not the message she is delivering. Thanks for taking the time to watch and comment.
Original poster
Banearu
Posted from facebook.com
Money
Finance
Investment Banking
Education
Posted >1 y ago
Responses: 3
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Cute kid, smart too, thank you for this great share. Have a great day Trust.
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Cute kid. Young folks need to be made aware of the value of saving. Time can be best friend or worst enemy in investing. Glad she didn't tackle the rule of 78's. It might have gotten messy. Thanks for sharing.
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This is more than most adults know about investing and returns. One other object lesson from this is that you need to contribute monthly to your savings to allow more money to compound. Even 500k will not be enough to sustain most for 20 years.
Most normal investors (401k type) would be pretty happy with an 8% annual return on their investment. That, coupled with your contributions will help you double your money about every 7-8 years. The target needs to be a million or more for a "safe retirement" with the cost of healthcare rising and people living longer etc.
Great video. I wish more kids were taught at least this much about investing and understood it and could articulate it well. It is a life lesson worth knowing and worth knowing as early in life as possible.
Most normal investors (401k type) would be pretty happy with an 8% annual return on their investment. That, coupled with your contributions will help you double your money about every 7-8 years. The target needs to be a million or more for a "safe retirement" with the cost of healthcare rising and people living longer etc.
Great video. I wish more kids were taught at least this much about investing and understood it and could articulate it well. It is a life lesson worth knowing and worth knowing as early in life as possible.
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