IntroductionOur Financial Mindset |
How would my savings increase on an initial $10,000 investment, depending on the interest rate? |
The following table shows how an initial investment of $10,000 can grow dramatically, depending on the rate of return over time.
We can do a lot to control our finances and prevent money crises at home, but some things, such as unexpected medical bills or being fired from a job, are beyond our control. A financial plan for such emergencies is important. The old adage “save for a rainy day” still applies in modern times.