Jesse Meijers

The harsh truth about pension plans

Let's face it: we all grow old some day. And when we do, we want to keep living in the same way we have become used to. Which means we need some sort of income. The standard way this desire is met, is by using a pension plan. However, did you know that most people with a pension plan will never see all of that money?

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The 8th Wonder of the World – Compound Interest

When you put money on a savingsaccount you receive interest. Usually banks will give you between 2 and 5 % interest on your hard-earned money. Apart from there being easy ways to make higher interest rates (which we won't go into now), it is imperative that you understand the concept of compound interest. There is not a single other concept that has made more people into millionaires than compound interest!

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