Remember that time is money. – Ben Franklin, Advice to a Young Tradesman, 1748 To prove what Franklin meant about the time value of money, let’s use an example, one that pays homage to Franklin. Another famous saying of Franklin’s is “A penny saved is a penny got.” Imagine someone took Franklin’s advice, and took a penny … Continue reading Compound Interest – the Eighth Wonder of the World*
This is the 33rd in a collection of newspaper ads written by Harry Gray, then CEO of United Technologies, that appeared in the Wall Street Journal from the late 1970s through the early 1980s. Here is the text from that ad. We didn't write that headline. Ben Franklin did. Get out of that bed and … Continue reading The Sleeping Fox Catches No Poultry
Remember that time is money. - Ben Franklin, Advice to a Young Tradesman, 1748 To prove what Franklin meant about the time value of money, let's use an example, one that pays homage to Franklin. Another famous saying of Franklin's is "A penny saved is a penny got." Imagine someone took Franklin's advice, and took … Continue reading The Magic of Compounding – Start Early
The City of Brotherly Love is on a roll right now. First there was the announcement that Pope Francis would be visiting the city this September. It's the first visit papal visit to the U.S. since 2008, and he couldn't have chosen a better city. Hotels within a10-mile radius to the city have been sold out … Continue reading Philly for the Win!