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July 2008

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29

Thinking About Rate Of Compounding

July 28, 2008 – Comments (10)

I was reading an article about Warren Buffett's thriftyness that pointed out that when you can compound savings at 25%, every dollar you save turns into a lot of money over a couple of decades. And that thriftyness makes sense when you think about it. I'd have saved harder and earlier if I could grow the money like that. My own rate of savings has gone up as my compounding rate has improved. (And thanks to The Fool, it has improved!)  [more]

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