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Invest Like a Pro (Day 2: Why Should You Invest? (What could you DO with…

- - - - My friend, Ramit Sethi, in his book I Will Teach You To Be Rich, makes me want my daughters to elope:
        "The average American wedding costs almost $28,000, which The Wall Street Journal notes, is 'well over half the median annual income in U.S. households.'"
- - - - The News
      - Well-Meaning Friends and Family
      - The Ups and Downs of the Market
- - - - The amount of money you re investing
        
        The length of time your money will be invested
        
        The rate your investment is growing (Called RETURN)
      - (Note: a quick way to figure out how long it would take to double your invested
        money, is to divide 72 by the rate of return you're getting. It's not totally accurate,
        but it's good enough to give you a ballpark to work with. If my rate of return is 8%,
        my money will double in (72 / 8 = 9) nine years
      - Rate of Return
        
        Growth (positive)
        
        Taxes
        
        Ex: 7%
        
        Inflation
        
        Ex: 3%
        
        Transaction Fees
        
        Investing Fees