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One More Doubling in the World of Compounding Interest?
If you and i interpreted that incorrectly, would our advice remain the same? In other words, if it's 25 hundred a month plus a thousand dollars, well, still, based on the numbers t he's given us, i think he can still coast. And just to explain what we mean by one more doubling, in the world of compounding interest, there are periods of time required for your money to double. It's not an exact calculation, but it's a mental short cut that can give you a good ball park estimate.
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