One Percent Can Make All The Difference

Get rich slowly.org

Have you got a savings account which you add money to regularly? Have you ever thought about the difference in say 4% a year compound interest vs. 5% a year compound interest? You might think the difference is tiny, but that’s where you’re wrong.

Sure over the short term the difference is tiny. But let’s look at it over a lifetime. In fact, here is a story which shows just a 1% difference over a lifetime of savings can be 38% in forty years. Wow, now this is big difference!
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