Posted on March 1, 2009 at 6:20pm
Compound Interest. What is it?
Do we understand it?
Do we know how to use?
Your bank understands it.
Your bank takes it from you.
Compound interest is the reason
why most people pay for their home TWICE
Once is the purchase price of the home
Second time is the interest the bank takes from you.
Why should a $200,000 home
cost us $431,000 when all is done?
Think about it.