One of the best pieces of advice I ever received early in my career was that if I wanted to be wealthy, I needed to focus less on growing my income and more on accumulating assets. In most OECD countries, this is true from both a finance and a tax perspective. Assets grow faster than […]
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The time value of money
Albert Einstein once said that “compound interest is the most powerful force in the universe”. Probably. Who knows. The renowned physicist is attributed with saying all sorts of things. But wherever that quote comes from, it’s not wrong. In this article, I hope to explain to you that understanding the time value of money and […]
