- Compound interest is so powerful, Einstein allegedly called it the 8th wonder of the world.
- Most millionaires did not inherit their wealth – they built it.
- Credit card debt often grows faster than savings due to high borrowing costs.
- Inflation silently reduces your money’s worth each year.
- Your income doesn’t determine you wealth – your spending habits do.
- Time in the market beats trying to time the market.
- Emergency funds can prevent debt spirals during life’s surprises
- Cars are some of the fastest depreciating assets you can buy.
- Lifestyle inflation keeps many high earners living paycheck to paycheck.
- Financial literacy is more valuable long-term than a high paying job.
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I believe that these facts should be taught and understood in high school along with learning how to swim. While we are at it, young people should have a decent understanding of nutrition, fitness and exercise so they can make good choices and enjoy better health.