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View Diary: A Conversation w/ My Rich, Republican Father (226 comments)

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  •  The time value of money *is* magical alchemy. (0+ / 0-)

    Because most people in the world don't have the option of letting chunks of money sit long enough for any such thing to happen with it.

    Please don't pretend that this is something available to most people. That's just disingenuous.

    •  Time value of money is interest and compounded (0+ / 0-)

      interest and opportunity to use money, to invest it and to purchase things you need that will help you in the future (an education, an insurance policy). It's better to have money now than money later. If you don't understand that, you have a big problem.

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