http://evolutionofwealth.com/2009/08/compounding-interest-compounding-burden/ Helping People Find, Keep and Enjoy Their Money Tue, 20 Dec 2011 16:21:36 +0000 hourly 1 http://wordpress.org/?v= http://evolutionofwealth.com/2009/08/compounding-interest-compounding-burden/comment-page-1/#comment-31 Daniel Tue, 13 Oct 2009 19:54:33 +0000 http://cjbowker.wordpress.com/?p=79#comment-31 I definitely agree, and I think this is why $25 sign up bonuses aren't worth it (because it's more like a $17 bonus), but there's something to be said for paying now to get money later. Essentially it's like investing. Sure, you're not getting the full $200 now, but by paying taxes out of pocket, you get to keep all your money later. This is a big part of personal finance: making sacrifices now in order to ensure a better future. I definitely agree, and I think this is why $25 sign up bonuses aren’t worth it (because it’s more like a $17 bonus), but there’s something to be said for paying now to get money later. Essentially it’s like investing. Sure, you’re not getting the full $200 now, but by paying taxes out of pocket, you get to keep all your money later. This is a big part of personal finance: making sacrifices now in order to ensure a better future.

]]> http://evolutionofwealth.com/2009/08/compounding-interest-compounding-burden/comment-page-1/#comment-30 Destroying Your Compound Interest « Evolution of Wealth Fri, 28 Aug 2009 21:26:38 +0000 http://cjbowker.wordpress.com/?p=79#comment-30 [...] wrote a previous post related to this called, Compounding Interest, Compounding Burden.  One of the certainties in life is taxes.  There are only a few limited options to growth wealth [...] [...] wrote a previous post related to this called, Compounding Interest, Compounding Burden.  One of the certainties in life is taxes.  There are only a few limited options to growth wealth [...]

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