Two years ago, I gave a presentation to my office on how to manage your money as a young professional. Sound boring? The title was “Compound Interest is a Magic Unicorn of Awesomeness.”
Why was I giving a presentation about personal finance to my office of software engineers (of which I am one)? Well, I’m known as the finance geek. And compound interest is, in fact, just as awesome as a unicorn.
After Mrs. Frugalwoods and I bought a single-family house in Cambridge, MA (one of the most expensive real estate markets in the country) at the ripe old age of 28, my coworkers began querying me on real estate, debt repayment, 401Ks, frugality, and general “how to be an adult with money” questions.
(The best part? My colleagues don’t know about Frugalwoods and have actually suggested to Mrs. FW and I that we should “start a blog about frugality.” We smile, bite our tongues, and take it as a compliment.
Continue reading Unicorns, Soviets, and Compound Interest: Demystifying Personal Finance Part 1 at Frugalwoods.