1. The X-Curve.
The x- curve teaches us two main things:
1. The importance of having life insurance when we are younger.
-While we are young we don't have much money, but a lot of responsibility.
-If God forbid something would happen during this time you would leave your family with a lot of debt and responsibility.
2. The importance of starting to save and invest so we can retire.
-The number one problem with all American's in terms of finance is procrastination. We need to start saving young so one day we have a lot of saving/investments and no more responsibility.
The x- curve teaches us two main things:
1. The importance of having life insurance when we are younger.
-While we are young we don't have much money, but a lot of responsibility.
-If God forbid something would happen during this time you would leave your family with a lot of debt and responsibility.
2. The importance of starting to save and invest so we can retire.
-The number one problem with all American's in terms of finance is procrastination. We need to start saving young so one day we have a lot of saving/investments and no more responsibility.
The Rule of 72 (Albert Einstein)
The rule of 72 teaches us two things:
1. The importance of interest rate.
-Most people settle with the interest rate are banks give us. Yet you can see with this low interest it will be impossible to retire.
2. The importance of time.
-You need to start saving/investing now no matter how little because a little over a period of time can go a long way.
The rule of 72 teaches us two things:
1. The importance of interest rate.
-Most people settle with the interest rate are banks give us. Yet you can see with this low interest it will be impossible to retire.
2. The importance of time.
-You need to start saving/investing now no matter how little because a little over a period of time can go a long way.
