The Power Of Compound Interest: How To Grow Exponential Wealth
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- Опубликовано: 28 сен 2024
- The Power Of Compound Interest: How To Grow Exponential Wealth
In the realm of personal finance, few concepts possess the amazing potential of compound interest. Often hailed as the "eighth wonder of the world," compound interest is a phenomenon that can work wonders for people who harness its power wisely. By understanding and leveraging the power of compound interest, one can set themselves on a path towards financial prosperity, long-term wealth accumulation, and a secure future. In this video, we’ll explore the essence of compound interest, its mechanisms, and the incredible benefits it offers to those who embrace it.
The power of compound interest sure is a beautiful thing.
As a 51 year old - this is something I wish I had truly understood when I was 25. At least now my 10 year old son will understand it - he already has a pension and an ISA - so hopefully in his later life he’ll benefit from my at least understanding this later in life :(.
Great job, though many parents wish this and know this, they do not try and educate there children on it, or start investment vehicles for them. You are doing a great thing, this is awesome. I have started trust, 529, both retirement and investment accounts, for nieces and nephews. What you are doing will make you children life better, they will start a few steps up, instead of in the basement like most. Truly great comment. ❤❤❤
@@thegamerboneless2864Great comment
Share with us how your young son has a pension
Sounds like he'll be very wealthy!
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market.
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with this person.
My advisor is Stephanie Kopp Meeks highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.
Gotta love a Chris Invests video on a fine Sunday!
I’ve been investing in the stock market threw my 401k with Sherwin Williams and I’ve been contributing 18% for 5 years. This year I took it down to 10% due to this economy which I didn’t want to do at all! But this year is the first year we’re I’ve seen my money grow in rapid pace thanks to compounding interest and it’s awesome! I hope to bring it back up to 18% or higher! I love your videos bro! Your right when it makes you feel much better about yourself knowing your money is working hard for your future!!!
Fysa, adjust it up by 1% increments. I did that once a month to reach what I wanted my goal to be. You'd be surprised by how you don't notice or 2% over a 30-60 day period.
If it’s po, I’d suggest investing more if the economy isn’t doing well - you’re buying at a lower cost and the hope is the economy will improve before you retire.
The seventh wonder of the world, awesome video.
You touched upon it briefly but I think it would be prudent to put more into explaining the compounding effects of fiat devaluation as well as that is the opposite side of the equation. As we go into a devaluation cycle and sovereigns devalue in order to bail themselves out of their unsustainable debt burdens there is every chance that that will compound quicker than and effects of compounding returns on the income side.
What amazes me the most, is why aren't more people subscribe to you.
I appreciate it!
The last century of stock market growth has happened alongside constant population growth with more new workers and more new consumers year on year.
So far I am yet to see anyone comment on the future of this theory giving an aging population with a decreasing birth rates, so more dependants with less workers to support them. Inheritance may fund some growth however Inheritance rax is increasing across the developed world so less of that money than people think will go into the hands of people who will invest and spend. As population shrinks the workforce will shrink faster, taxes will go up on the smaller workforce to fund the retirement of the growing amount of retirees.
Compound interest growth over a lifetime is in no way as certain a possibility now in the 21st as it was in the 20th century.
stock funds do not compound, if they do not share dividends regularly allowing more quantity to be added by those dividends alone. They simply grow. That's it. If you don't have a higher quantity of something it didn't compound. Take a classic car, like ta 53 corvette. While it did increase in value and will continue to do so, it clearly didn't compound. You still have only 1 car. It's not like in 2023 you have 2 or even 3 1953 Corvettes because you simply held onto the original 1953 Corvette you purchased. Yes, it's worth more, but it didn't compound.
You obviously did not watch the video.
@@Abraham.Lincoln22 Well, abe, you obviously didn’t read my comment and obviously don’t know math.
Thanks for sharing❤well I have been earning passively recently due to the help of Coach Chris Insights which I'm ok with
interesting, because I also earn and profit with his guidance and handling program. Which is super
@@pereiracomerciante5356His a genuine financial advisor, just made my profit withdrawal from my portfolio with him some minutes back
Absolutely sure I saw his name being praised on an article I was through on FOX Business yesterday
his services has bailed me out more financially more times that's why I can actually count whenever I invest with them
@@kle5064made back every dime I lost trading myself
Here is an illustration of why it is important to save as much as possible as early as possible.
Joe graduates from college at Age 22 and lands a good-paying job. He continues to live at a college student’s standard of living for two years, during which time he socks away $10,000 per year into a Roth 401(k). Joe invests in a low-cost broad-based index fund and leaves the $20,000 invested until he retires at Age 67. Over this period, Joe’s investment averages a nominal return of 10% per year, with an average inflation-adjusted rate of return of 6% per year. (Think of his investments as $10,000 for 44 years and an additional $10,000 for 43 years.) At Age 67, the value of Joe’s two-year investment is over $252,000 -- *TAX-FREE AND IN TERMS OF TODAY’S DOLLARS.* Joe could buy a retirement home using just those proceeds.
I guess I need to reinvest my interest I earned then? Or take it out to pay my water bill? $150 this month I earned!
i want to ask something, how do you combine sound and vision, I would be glad if you answer, thank you
I use VideoScribe