Build Your Financial Foundation
International Marketing Group introduces basic financial concepts to clients to help them develop a financial strategy. While these concepts cannot provide any guarantee of success, IMG believes that they can help you build a solid foundation for your financial future.
The X-Curve
This concept theorizes that a person's responsibilities generally decrease and wealth generally increases over time.
The Power of Compound Interest Rule of 72
"Albert Einstein called compound interest the eighth wonder of the world and mankind's greatest invention, because it is the mightiest force ever unleashed for the amassing of wealth."
The difference between P400,000 at 4% versus 12% is P600,000.
P6,000,000 is equivalent to 20 years salary of a person
who works at an annual salary of P300,000 or P25,00/month.
The Rule of 72
You can determine what kind of savings plan works best for you and your budget by using The Rule of 72
-dividing 72 by the interest rate to estimate the number of years it takes for your money to double.
Disclaimer: All figures are for illustrative purposes only and do not reflect an actual investment in any product.
#financialeducation #ruleof72 #10M2025
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