#222:
Albert Einstein described compound interest as the 8th wonder of the world.
He said that those who understand it, earn it, and those who don’t, pay it.
Like my man Big Al said, compound interest can either work for you or against you.
For the 56% of US households who say they’d have trouble covering a 1K emergency, it’s working against them.
If we don’t get this problem under control, we’ll disappoint our future selves!
Getting compound interest to work for you will help:
- Eliminate debt - 43% carry an outstanding balance on their card
-
Save for the future - Neglecting to do this might limit options later on
-
Financial Freedom - Eventually, your money can make more money than you can by working
Many people believe that they have to borrow money to live.
Others feel like it’s too late.
Find out why both are untrue and how one small step could make all the difference.
Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me on Instagram!
Listen and grow!
Your Financial Coach,
Billy
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