Re:The money I saved as a child would buy one picogram of go...
by klyrs on Sunday April 17, 2022 @06:51PM
(#31065297)
> It only works if there is sustained, substantial additional contributions over a lifetime.
That's literally how I was taught about compound interest: saving money means making weekly/monthly/annual contributions. And that was a regular (non-honors) class in an inner-city middle school.
> Try convincing a kid with even modest arithmetic skills that saving $2 and letting it compound is “smart.”
No, that's idiotic. I think you're beating on a straw man.
That's literally how I was taught about compound interest: saving money means making weekly/monthly/annual contributions. And that was a regular (non-honors) class in an inner-city middle school.
> Try convincing a kid with even modest arithmetic skills that saving $2 and letting it compound is “smart.”
No, that's idiotic. I think you're beating on a straw man.