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RE: What LeoFinance and CubDefi success means....

in LeoFinance2 years ago

It takes money to make money
This one is pretty much a no-brainer. If you have a million dollars, it's a hell of a lot easier to make another million dollars than it is to go from zero to a million. Just simple economics.

Yet so many don't understand this point. Having people understand the money velocity and how gains build gains is something you really have to see. I wish our schools sat kids down in Excel and showed them just what time value and compounding can do - set them down a path of early and frequent investments to start the ball rolling.

Looks like I found another from MN - I am so over snow for this season....

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Totally agree. Some of the most basic and yet fundamentally necessary living skills are completely ignored by our "education" system. Very sad.

Yup, I'm ready to play some golf. We're due for an early spring for a change. These last few winters have been brutal. They never want to end....

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