Quote Of The Day

“I don’t mean to be like some old guy from the olden days who says, ‘I walked thirty miles to school every morning, so you kids should too.’ That’s a statement born of envy and resentment. What I’m saying is something quite different. What I’m saying is that by having very little, I had it good. Children need a sense of pulling their own weight, of contributing to the family in some way, and some sense of the family’s interdependence. They take pride in knowing that they’re contributing. They learn responsibility and discipline through meaningful work. The values developed within a family that operates on those principles then extend to the society at large. By not being quite so indulged and ‘protected’ from reality by overflowing abundance, children see the bonds that connect them to others.” -Sidney Poitier

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The Fly Or Die Commerce Report: Rule 72

“There is a law called Rule 72 (72 divided by interest equals the number of years to double investment) which most people have never been taught. It’s also unfortunate that in America you can receive an elementary, high school and college education and never be taught Rule 72. If you earn 1% on your money, it will take 72 years for $1.00 to become $2.00.

Rule 72:
1%= 72 years
4%= 18 years
5%= 14.4 years
6%= 12 years
10%= 7.2 years
12%= 6 years
18%= 4 years
24%= 3 years

At a 12% return, $10,000 becomes:
$20,000 in 6 years
$40,000 in 12 years
$80,000 in 18 years
$160,000 in 24 years
$320,000 in 30 years
$640,000 in 36 years.” -From, “Black Economics: Solutions for Economic and Community Empowerment” By: Jawanza Kunjufu

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