There’s a chance that I’m being revisionist, but I think Inch Worm that started me on my investing path. When I discovered that if I kept doubling I soon got to 1000 (1024 to be exact) and as that was one thousand, I therefore knew the entire doubling number series for all the numbers I knew, 500 trillion in 49 doubles.

The most important double to me was always the last one. That final iteration doubled all my previous doubles, no matter how long I had been doubling. Starting at 1 it takes nine doubles to get to 512, while the next iteration by itself would add 512 more. That always seemed phenomenal to me and it was that final double that I learnt to focus on and not the first double from 1 to 2.

Simple Path to Wealth & Investing vs Working

One of the keys to maximising long term wealth generation is understanding the rules of the game and using them to your utmost benefit. Retirement saving is one of few areas where most people can gain a tax break thanks to Western government fear of ageing populations. So make sure you know how to maximise your retirement savings in the best tax advantaged way.

Rather the wallow in the demise, woops I mean temporary stumble, of the US I thought it may be good to focus on some good numbers for a change. Fortunately I need look no further than my backyard and a topic dear to my heart, Australian superannuation (retirement) funds.

1st the place Australians hold in comparison to the rest of the world in our readiness for retirement due to our superannuation system.
ONE TRILLION approximately how much money Australians have in super [retirement] funds.
10 MILLION the number of Australian workers
$21,700 the amount …

My ten day investing brain dump will recommence in a few days.
I occasionally wonder why more people aren’t wealthy or at least heading there. For anyone or any family on above average income it is easy to get rich. If my basic understanding of statistics and compounding is correct, 50% of people should retire wealthy and should retire early!
When I go into a large bookstore I see hundreds if not thousands of books all dedicated to helping people become wealthy. There is clearly no mystery surrounding how to become wealthy …