Videos by Chi Dong in Plano. HowMoneyWorks is on a mission to eradicate financial illiteracy—the #1 economic crisis in the world. As a HowMoneyWorks Educator, my goal is to guide you to the summit of financial independence and empower you to take control of your financial future
The difference between 1%, 4%, and 8% may not seem that big on paper but when it’s applied to your savings the impact is monumental.
To visualize the difference, use the Rule of 72. The Rule of 72 is a mental math shortcut that takes the number 72 and divides it by the interest rate your money is earning. The answer will tell you how many years it will take for that money to double.
For example, let’s see how long it takes a hypothetical lump sum of $10,000 to double at different interest rates...
- 1% = 72 years.
- 4% = 18 years.
- 8% = 9 years.
9 years for your money to double instead of 72 is a pretty big difference! Try applying the Rule of 72 to your own savings and see how long it takes for your money to double. The answer may surprise you!
#compoundinterest #ruleof72 #interest #interestrates #moreyouknow #savings
The difference between 1%, 4%, and 8% may not seem that big on paper but when it’s applied to your savings the impact is monumental. To visualize the difference, use the Rule of 72. The Rule of 72 is a mental math shortcut that takes the number 72 and divides it by the interest rate your money is earning. The answer will tell you how many years it will take for that money to double. For example, let’s see how long it takes a hypothetical lump sum of $10,000 to double at different interest rates... - 1% = 72 years. - 4% = 18 years. - 8% = 9 years. 9 years for your money to double instead of 72 is a pretty big difference! Try applying the Rule of 72 to your own savings and see how long it takes for your money to double. The answer may surprise you! #compoundinterest #ruleof72 #interest #interestrates #moreyouknow #savings
If you’re looking for financial advice that has some kick, HowMoneyWorks: Stop Being a Sucker is the book for you. It spills the beans on becoming wealthy, with just enough spice to keep you asking for seconds. Message me if you’re interested in a copy. #personalfinance #howmoneyworks #financialliteracy
HowMoneyWorks: Stop Being a Sucker is the first financial book that can benefit anyone at any age. And the media is starting to notice! That’s because the book is intentionally written to be accessible for readers from ages 10 to 100. It’s simple, life-changing financial knowledge that everyone needs. It’s been featured on over 200 prominent TV shows, including CNBC, CBS, ABC, and FOX. It even received a rare endorsement from the Heartland Institute of Financial Education. In other words, HowMoneyWorks: Stop Being a Sucker can change lives. And that power is capturing attention. Message me if you’re interested in a copy of the book! #howmoneyworks #financialliteracy #mediatour #makeit #CNBC
Can a book help financially protect your family? I think so! Allow me to explain… HowMoneyWorks: Stop Being a Sucker shares two critical pieces of knowledge—the concepts that build wealth AND a step-by-step guide for putting those concepts into action. Once you understand what you’re money can actually do for you and your family, you’ll be inspired to protect it—and them—at all cost. Then, you can breathe easier, knowing that your family is provided for. Message me if you’re interested in a copy of the book! #financialprotection #howmoneyworks #financialliteracy
The difference between 1%, 4%, and 8% may not seem that big on paper but when it’s applied to your savings the impact is monumental. To visualize the difference, use the Rule of 72. The Rule of 72 is a mental math shortcut that takes the number 72 and divides it by the interest rate your money is earning. The answer will tell you how many years it will take for that money to double. For example, let’s see how long it takes a hypothetical lump sum of $10,000 to double at different interest rates... - 1% = 72 years. - 4% = 18 years. - 8% = 9 years. 9 years for your money to double instead of 72 is a pretty big difference! Try applying the Rule of 72 to your own savings and see how long it takes for your money to double. The answer may surprise you! #compoundinterest #ruleof72 #interest #interestrates #moreyouknow #savings
Can a book help financially protect your family? I think so! Allow me to explain… HowMoneyWorks: Stop Being a Sucker shares two critical pieces of knowledge—the concepts that build wealth AND a step-by-step guide for putting those concepts into action. Once you understand what you’re money can actually do for you and your family, you’ll be inspired to protect it—and them—at all cost. Then, you can breathe easier, knowing that your family is provided for. Message me if you’re interested in a copy of the book! #financialprotection #howmoneyworks #financialliteracy
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Are you still stuck in the mindset of paying off debt as fast as you can? Let me tell you, wealthy people utilize debt as leverage to create more wealth through compounding interest. Check out this video where I explain the difference between simple and compounding interest and how it can help you accumulate more earnings and money over the years. Don't let the myth of paying off all your debt hold you back from financial freedom. Follow me for more financial tips.
#compoundinterest #financialfreedom #debtfreejourney #wealthcreation
Will the HowMoneyWorks book blow your mind? Zoey thinks so! That’s because it delivers life changing financial knowledge in a fun, accessible way. Message me if you’re interested in a copy and see if you agree! #mindblown #lifechanging #howmoneyworks #financialliteracy
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Life is unpredictable, but being prepared isn't. This client thought she didn't need life insurance until a diagnosis changed everything. Luckily, she had a policy with living benefits that allowed her access to her death benefit when she needed it the most. Terminal illness coverage can be a lifesaver and it's a myth that life insurance only benefits your beneficiaries after you're gone.
#lifeinsurance #livingbenefits #terminalillnesscoverage #financialplanning
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Take it from someone who's been there. The best financial advice starts with saving and diversification. Learn from my mistakes, and understand the importance of managing risk to minimize losses and maximize returns. Don't forget about taxes - they can have a huge impact on your bottom line. Education is key - become a student of finance and take control of your financial future today.
#financialadvice #personalfinance #investinyourfuture
Be like Clark. Read the HowMoneyWorks book. Just don’t ask him for online shopping tips! Message me if you’re interested in a copy. Then, share what you think once you’ve read it! #onlineshopping #howmoneyworks #financialliteracy
Are you being proactive or reactive with your money? 💰 Don't wait until it's too late to plan for your financial future. 📈 Whether you're young or already retired, it's important to take a proactive role in your finances and overcome your fears. 💪 #financialplanning #proactivity #financialfreedom #investing #retirementplanning"
Building a business is not easy. It takes a lot of sacrifice and dedication. In the beginning, you have to be super focused and not let anything distract you. Working with people is also essential, but it's not my biggest strength. However, I know that partnering with a team is like a marriage, and we have to be in alignment to pursue the same journey. While we may have disagreements, we can resolve them if we see the big picture. These are the two toughest things I face in my journey. But I continue because I want to have more time to spend with my family. #entrepreneurlife #businesstalk #teamworkmakesthedreamwork
Ready to take charge of your finances and secure your future? 💰💪 Here's my number one tip: start taking action! Learning about money and taking the first step is crucial. Don't let fear hold you back. 💸💭 Overcoming your money mindset is key to achieving financial abundance. Interview trusted experts, and view money as an abundant source of opportunity and freedom. 🚀✨ Let's make our financial dreams a reality! #financialliteracy #financialplanning #mindsetshift #moneymindset #takeaction #abundantlife #moneygoals
Just because everyone is talking about stocks doesn't mean you have to invest in them. Take it from me, the worst financial decision I made was blindly investing in 2000. But maybe that was just a lesson I had to learn so I could teach my clients to be cautious during market highs and brave during market lows. #financialwisdom #investments #stockmarket #lessonlearned