Albert Einstein is famously quoted as saying, “Compound interest is the eighth wonder of the world. He who understands it earns it. He who doesn’t pays it.” In this video, I discuss the power of compound interest and how it can work for you or against you.
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Thus investing in stock market has a compound interest?
What if stocks don't pay interest or dividends?
Thank you Phil, you help us every day to be our very best authentic self!
Power Compound Interest at 1.06 (average return on plus years) for 30 years…. is 5 times your original amount… So basically unless you put something ridiculous at the beginning…. like 100000. Don't touch that money for 30 years… you'll end up at 600000, in 30 years who knows how much inflation would go up….. Basically if you got a debt.. pay your debt don't even think about putting money for compounding. The only rule I live with is never withdraw more than your principal. Oh and the god damn fees you'll be paying every year….
I love your videos but in Australia in 2018 we are lucky to get 2.5% interest. We need to see more videos with realistic interest rates. The official cash rate in Australia has stayed on hold at 1.5% for almost 2 years
4 sins cause greatest corruption to human soul&earth, for such, God promised (in Quran) eternal hellfire in judgement day:
1-Worshipping another deity with God
2-Murder
3-Adultery
4-Habit of Eating Usuary.
Repent to yr only God before u fall in misery from u did not expect.
Don't use credit cards :v
https://mkneglio1.usitech-int.com
where can we find investments that offer compounding interest?
Einstein never said that.
Where can you even find something that will give you a stable 6% compound interest? Let alone 15%.
well done phil
Great Video Phil.
every single video is useful , your are awesome sir thank you sir Phil Town's Rule #1 Investing