Comments on: The most important financial lesson http://totalcandor.com/blog/2009/11/the-most-important-financial-lesson/ A Conversation About Income, Wealth, and the Steps in Between Sun, 22 Apr 2012 14:08:55 -0700 http://wordpress.org/?v=2.8.5 hourly 1 By: Michael http://totalcandor.com/blog/2009/11/the-most-important-financial-lesson/comment-page-1/#comment-153970 Michael Mon, 16 Nov 2009 15:40:08 +0000 http://totalcandor.com/blog/?p=833#comment-153970 @AJC: Thanks for the comment. Having read your post, I agree, it depends on how long you want to be working and much you want to walk away with. It also has to do with risk and how much you can reasonably afford to take. As someone who has counseled people at all income and wealth levels, I can assure you that the two are far from perfectly correlated. No matter one's income or source, taking advantage of the miracle of compounding interest is the first important step towards creating/increasing wealth. @AJC: Thanks for the comment. Having read your post, I agree, it depends on how long you want to be working and much you want to walk away with. It also has to do with risk and how much you can reasonably afford to take. As someone who has counseled people at all income and wealth levels, I can assure you that the two are far from perfectly correlated. No matter one’s income or source, taking advantage of the miracle of compounding interest is the first important step towards creating/increasing wealth.

]]> By: AJC @ 7million7years http://totalcandor.com/blog/2009/11/the-most-important-financial-lesson/comment-page-1/#comment-153930 AJC @ 7million7years Mon, 16 Nov 2009 06:31:33 +0000 http://totalcandor.com/blog/?p=833#comment-153930 A wonderful coincidence, I just wrote a post with the EXACT OPPOSITE view (sorry!), called the Myth of Compounding Interest: http://7million7years.com/2009/11/11/the-myth-of-compounding-interest/ ... but, it really all depends on how long you want to be working and how much you want to walk away with. A wonderful coincidence, I just wrote a post with the EXACT OPPOSITE view (sorry!), called the Myth of Compounding Interest:

http://7million7years.com/2009.....-interest/

… but, it really all depends on how long you want to be working and how much you want to walk away with.

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