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27 January 2020 | 15 replies
Leave it in the market and let the power of compound interest work over time.
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24 January 2020 | 11 replies
Well I guess I shouldn’t say no risk, as you may sour your relationship with the other agent, and they might return the “favor” one day ;) Sounds like a tire-kicker though, I’d probably find the best way to bow out now, unless you’re just looking for a learning experience/deal under your belt/good story to tell at happy hour.
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19 June 2020 | 71 replies
Compound the return by getting into another deal.
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28 January 2020 | 27 replies
Someone who started making money I out of undergrad vs someone that starts making good money ten years later has a huge advantage especially in a tax system like we have, that decade of saving and compounding investments can’t be understated.Add in the desire to pay yourself with treats once you have a 5 figure paycheck and you ain’t got ****. 25 percent of docs at age 60 aren’t worth a million
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27 February 2020 | 16 replies
If you assume a conservative 6% return, it'd be making $48k, and that's before any annual compounding from reinvestments.Now obviously the market can tank, but this isn't money I need any quick access to.
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10 March 2020 | 9 replies
That 22% contribution over the course of 40 years compounded at a conservative 7% return would yield me over 2.2 million when I’m in my 60’s.
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2 March 2020 | 23 replies
.- The Compound Effect: great book that shows the power of small daily steps that can result in MASSIVE results over time.
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3 March 2020 | 15 replies
Let dry at least 2 hours.Repair any gouges or problems you see in the ceiling with all-purpose joint-compound.
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1 March 2020 | 4 replies
There can be some exceptions as noted by @Eamonn McElroy but those are rare and not likely in your case - though do check with counsel to be certain.Because income is not taxed as it is earned, you are able to more effectively grow savings by compounding the gains over time and reinvesting earnings within the plan.