"Compound Interest and the Rule of 72"

One of the most well known rules of interest rates, or any rate is the “Rule of 72.” The Rule of 72 is that you take the interest rate and divide it into 72 and that’s roughly how many years it will take to double your principal. For example, if you have $10,000 in a savings account at a bank, earning you 3.0%, divide 3.0% into 72. It will take 24 years to double your money.

3% rate - 72/3 = 24 years
6% rate - 72/6 = 12 years
12% rate = 72/12 = 6 years

TASK: What is it about compound interest that inspired Albert Einstein to say "The most powerful force in the universe is compound interest"?

Einstein once said, "If people understood the Rule of 72 they would never put their money in banks!” He was inspired by the thought of doubling the amount of his intial investment over time.

Click the "Compound Interest Calculator" above, and follow the link for directions, and use of the actual calculator.**

"My Recession Spending"

Throughout any recession people's lives and spending are drastically alter
do to the vulnerable economy. Now in today's "recession" I can't really say I see a change within us Americans consuming. We still go out and buy the little unnecessary shit such as "Aqua Globes", and "Mighty Putty". Stupid products that further the laziness of us Americans.

During this recession, honestly I haven't change the way I spend my money. Like I still spend about 10 bucks a day on food from eating out, when I could just catch dinner at home because my mom cooks daily. I also waste money on Abercrombie and Fitch ! -__- But, I feel "you pay for what you get" and the quality of Abercrombie's clothing is definitely worth it.

My Investment Strategy

My investment strategy is pretty obvious. I'm either going to do two things. I might just go after a small demanding company on the rise, such as solar energy corporations, or basically anything that has to do with the whole "going green" market. Going green is definitely an investment on the rise because everyone is trying to become conservative.
I may also decide to invest in things that we would need forever, such as toilet paper, toothpaste, soap, necessities of the average joe's everyday life. But, I've notice that most items are just all under one stock, except I did find Colgate. Its actually doing pretty good, probably going to invest in there. I can't completely plan out a full strategy being that this game is going to get carried all the way up until June. And the stock market is so unstabble right now, anything can drop tomorrow or jump off the charts.