Compound Interest Works For THE FEW And Against The Rest Of Us

charge cards

Many folks think they know how debt is calculated.

However, once the naughts start multiplying naughts, the entire

shebang gets out of hand so quickly that there won’t be time

for anyone’s head to spin because charges called late and

standard will begin piling on top each other with such

rapidity that anyone paying close attention would

be forgiven for assuming they are witness to

some sort of number magic and they’d be

right if it was perpetuated by magicians.

Thank you, friend.

Barry out.

http://www.cbc.ca/news/business/story/2012/04/12/debt-survey-equifax.html

Even some kids know about this.

One Response to “Compound Interest Works For THE FEW And Against The Rest Of Us”

  1. If we could just operate our lives the way our leaders are running countries, we’d be fine.

    Wouldn’t we…?

    [Reply]

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