Understanding Compound Interest and Investing for Beginners | EP 272

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  • Опубликовано: 29 сен 2024

Комментарии • 30

  • @mikebrownbassist802
    @mikebrownbassist802 3 года назад +17

    The audiowave file constantly moving at the bottom of the screen is SUPER distracting.

    • @CarlosRodriguez-jg4nx
      @CarlosRodriguez-jg4nx 3 года назад

      Agree! Take it out please

    • @gojump7
      @gojump7 3 года назад +2

      If you are watching on a *_computer,_* you can try the following cheesy workaround - 1) Put the video in "Theatre Mode", 2) Put your browser in between _Maximized_ and _Minimized,_ this will allow you to *resize* your browser *_and MOVE your browser._* 3) Move your browser down so the animated audiowave file is hidden below the frame of your computer screen.

    • @gojump7
      @gojump7 3 года назад

      Also, if they are not showing any charts or graphics, just go onto a different screen altogether. :-)

    • @ChooseFI
      @ChooseFI  3 года назад

      Thanks for your feedback.

    • @mavissmith3
      @mavissmith3 3 года назад +1

      You forgot to add, “but the video content and info-share was great!”

  • @gojump7
    @gojump7 3 года назад +6

    This should be *required watching* when anybody enters the work force. Some of this I have known but never really acknowledged - much to my detriment! It needs to be heard, understood and practiced!

    • @ChooseFI
      @ChooseFI  3 года назад +1

      Thank you! Please share this with a friend or family member! Let's spread financial literacy!

  • @itsmesaltax
    @itsmesaltax 3 года назад +1

    But how does compound interest work in investing, except dividends? Doesn't it make sense to occasionally realise profits and reinvest? As the profits will then be made on the increased capital, rather than the original investment amount?

    • @terryharris1291
      @terryharris1291 3 года назад

      This man has been a long time dividend investor,ppcian on youtube,he has a video that will help explain it to you.Dividend Growth Investing: How To Yield 20+% On Cost
      Mar 7, 2017.

    • @PaulHolloway
      @PaulHolloway 2 года назад

      I buy SPY. When my profit for the day is high, I cash out. Wait for the price to dip lower then I bought it and buy back in this will put money back in and increase my shares amount over time

  • @emenchhay6023
    @emenchhay6023 3 года назад +1

    So, I’ve been listening to you guys for awhile now. Since 2016 or 2017. I’m out of debt. I got a better job, I have a 401k plan with fidelity from work. They match 6% and put in 16%. I’m 35 and I live in Portland, OR. I am will be getting a Roth IRA with fidelity. But I don’t know what or where to invest my money into. JL Collins is great but it’s so hard to understand. Anyway I just wanted to say thank you for helping me get out debt and I have excellent credit now.

    • @southrichmondtofl
      @southrichmondtofl 3 года назад

      FZROX and FXNAX set it (percentage to each) and forget it (automatic investment)

  • @tinateews9494
    @tinateews9494 3 года назад +1

    Great video guys. All these years of listening to you guys it's wonderful to have found your channel. Thank you

  • @johnyjsl9219
    @johnyjsl9219 3 года назад +1

    Wtf...that audio wave ?! It syncs with speaker lips and is stupid

  • @ivysapphire6944
    @ivysapphire6944 3 года назад +2

    I needed this video. Thank you!😁

    • @ChooseFI
      @ChooseFI  3 года назад

      Glad it was helpful!

  • @weston.weston
    @weston.weston 3 года назад +2

    Great presentation Brad and Jonathan, keep at it!

  • @skoopqueen
    @skoopqueen Год назад

    Opening a bank account is a crucial first step to financial success. It's like planting the seed for your money tree. 💰💼 Over the years, I've found that having multiple accounts for different financial goals, whether it's a high-yield savings account, a brokerage account for investments, or a business account, has been key to growing my wealth.I wasn't financially free until my 30s, and I'm still in my 30s. I've bought my second house, earn on a monthly basis through passive income, and achieved 4 out of 5 goals. Investments are a wise decision I made.

  • @kristaladcock7194
    @kristaladcock7194 Год назад

    Been binge watching you guys for several days now .. found you through mister money mustache . So far I have just let the videos play randomly and I love that you guys do specific people's personal stories ,very advances interviews with pros and then the basics . No matter what level you're at there's knowledge to be had here. 😊

  • @malvanlondon8683
    @malvanlondon8683 3 года назад

    Thanks for the episode. As someone who has (perhaps mistakenly) thrust all of my savings into retirement targeted investments, what would have been a good "different buckets" strategy to also help save for vacations, big purchases, and perhaps capital to start a business?

  • @joycefulghum8351
    @joycefulghum8351 3 года назад

    I have been listening to you for a month, finally opened a vanguard account. Wish I would have found you years ago

  • @terryharris1291
    @terryharris1291 3 года назад

    I like the compounding effect in my Peer 2 Peer investing,the principle and interest is paid back monthly and then put into a new investment in the account each month.

  • @karynwhitesuperwoman
    @karynwhitesuperwoman 3 года назад +1

    Great Video! Fundamental Basics

    • @ChooseFI
      @ChooseFI  3 года назад

      Thanks! Glad it was helpful.

  • @dawnmurray6945
    @dawnmurray6945 3 года назад +1

    Excellent