The Wealthy Barber/The Ten-Percent Solution
Introduction | The Financial Illiterate | A Surprising Referral | The Wealthy Barber | The Ten-Percent Solution | Wills, Life Insurance, and Responsibility | Our RSP | Home, Sweet Home | Saving Savvy | Insights into Investment and Income Tax | Graduation
In this chapter Roy covers The Ten Percent Solution. Invest ten percent of all your earnings for a long-time growth. Roy recommended that his pupils invest their ten percent into real estate and/or mutual funds. Roy (The Barber) also talks about how compound interest will make them much wealthier than they thought. example( invest $2,400 a year for 30 years at and average rate of 12 percent this would equal out to $616,000) the wonders of compound interest.