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The formula for building wealth in my 15 wealth building math problems
The above image is the formula for building wealth, commonly known as the compound interest formula. Compound interest is the interest you earn on interest. If you have $1000 and it earns 5% interest each year, you’ll have $1050 at the end of the year. The formula is 1000 x .05 = 1050
Please don’t ask me to go through and explain the formula. I use a financial calculator to determine the correct answer in the building wealth for retirement article series.
There are two bases for building wealth in the series of articles/ The first being the compound interest method using a variety of different investments and the scaling-up business model.
This started out as a series for an online course. However, it is looking more and more like a YouTube series of videos. Regardless of the end-use for the 15 math building problems, you can follow me to enjoy the story like scenarios on building wealth.
You can begin by reading Retirement Planning; Retire Wealthy? Math Problem #2, which is my favorite so far. Follow me here on Medium and become a Medium member, that way you will have full excess to my articles and thousands of other articles each month.
