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Why Compound Interest is Your Bestie
The eighth wonder of the world: compound interest! a.k.a. your new financial bestie.
We’re talking about what compound interest actually is, why it’s such a game-changer for building long-term wealth, and how to make sure it’s working for you (and not sneakily working against you). From simple examples to real-lifenumbers, you’ll see exactly how your money can grow quietly in the background while you live your life, and why starting early makes all the difference.
By the end of this episode, you’ll understand:
- Why compound interest is the #1 driver of long-term wealth
- How it can snowball your investments over time
- How to avoid letting it grow your debt instead
- How to outpace inflation and protect your future purchasing power
The information in this podcast is for educational and entertainment purposes only and is not intended as financial advice. I’m a Certified Financial Planner™, but I’m not your planner- so please consult a professional who knows yourunique situation before making any financial decisions. Past performance is not indicative of future results. Viewsexpressed are my own and do not reflect the views of Bethesda Financial Advisors, LLC.
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By Casey Bettencourt, CFP®The eighth wonder of the world: compound interest! a.k.a. your new financial bestie.
We’re talking about what compound interest actually is, why it’s such a game-changer for building long-term wealth, and how to make sure it’s working for you (and not sneakily working against you). From simple examples to real-lifenumbers, you’ll see exactly how your money can grow quietly in the background while you live your life, and why starting early makes all the difference.
By the end of this episode, you’ll understand:
- Why compound interest is the #1 driver of long-term wealth
- How it can snowball your investments over time
- How to avoid letting it grow your debt instead
- How to outpace inflation and protect your future purchasing power
The information in this podcast is for educational and entertainment purposes only and is not intended as financial advice. I’m a Certified Financial Planner™, but I’m not your planner- so please consult a professional who knows yourunique situation before making any financial decisions. Past performance is not indicative of future results. Viewsexpressed are my own and do not reflect the views of Bethesda Financial Advisors, LLC.