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[How Much Did Your Money Grow In The Past 12 Months?]

How Much Did Your Money Grow In The Past 12 Months?

Pamella, Penelope, and Petunia are sisters.
The three of them are very responsible young women. They work in regular jobs and know how to save their money.
After many years of savings, each of them had P100,000.
       It was their mother who taught them to save a part of their income each month. Sadly, her instruction ended there. She never told them where to put their savings.
Pamella hides her P100,000 under her bed.
Result? Her money never grows at all.
Penelope thinks she was wiser than her sister Pamella. Because she places her money in a bank. Result? Her money grew by 1% a year.   (That’s the normal interest rate of savings accounts.)
Her P100,000—after one year—grew to P101,000.
       Here’s the truth: Penelope isn’t really that much wiser than Pamella. I pity the Pamellas of the world. They’re hard working. They’re disciplined. They save each month. But they lack financial knowledge. (Do you know of people like Pamella? Are you like Pamella?)

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http://www.investorluranski.com/2011/11/how-much-did-your-money-grow-in-past-12.html