094: Wisdom Wednesday: Why Compound Interest Is OverHyped

094: Wisdom Wednesday: Why Compound Interest Is OverHyped
11
Jan



In today’s show we are going to look at why compound interest is so overhyped and if compounding interest is not the key to kingdom, what is? In the financial universe, compound interest has been sold as the Holy Grail by financial professionals. Letting your money compound over time has been the single most well-known piece of conventional wisdom in personal finance.

I would agree that compounding has its advantages in the short term but there are financial challenges when you truly look into compounding in the long term. Your money earns more money, compounding over time, interest produces more interest and your money grows in an exponential manner.

That is very powerful and I am on board with this and I love it when my money and wealth is compounding – it is fantastic, your money is working for you and if you read Rich Dad Poor Dad, you learned that you want your money working for you. So I am not saying that compounding interest is a bad thing – I am however going ask you to look at the disadvantages of it as well to fully understand this concept.

Share your thoughts with me on Twitter @mclaubscher and Instagram @cashflowninjapodcast

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Thanks so much for joining me again this week. Have some feedback you’d like to share? Leave a note in the comment section below!

If you enjoyed this episode, please share it using the social media buttons you see at the bottom of the post!

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Special thanks to  for joining me this week. Until next time!

Until next time!

Live a life of passion and purpose on YOUR terms,

M.C. LaubscherIn today's episode I review 2016 and all the biggest events and trends that will impact your businesses, investments, and wealth. 2016 was a year packed with surprises with populist movements bubbling to the surface in Europe starting with a Brexit shock and ending with an Italian referendum leading to the resignation of prime minister Renzi. I look at the 2016 election in the United States, fake news, the death of establishment media, censorship, banking and financial system, the monetary system, gold and silver, bitcoin and much, much more!

Share your thoughts with me on Twitter @mclaubscher and Instagram @cashflowninjapodcast

Click To Tweet: 2016 In Review

If you have enjoyed our podcast, please share with friends and family

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Support Our Sponsors

Healthy

ONNIT, use coupon code GETONNIT to receive 10% off your order

@  www.cashflowninjahealth.com

Wealthy

Fundrise, a great way to participate in commercial real estate investments.

Learn more @ www.cashflowninjawealth.com

Wise

Audible, download any audio book for FREE when you try Audible for 30 days

www.cashflowninjabook.com

 

Killer Resources!

Money Masters Playbook

Cashflow Ninja Cashflow Investments Checklist

Cashflow Ninja Cashflow Toolkit

Thanks so much for joining me again this week. Have some feedback you’d like to share? Leave a note in the comment section below!

If you enjoyed this episode, please share it using the social media buttons you see at the bottom of the post!

Also, please leave an honest review for the Cashflow Ninja Podcast on iTunes.

Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them.

And finally, don’t forget to subscribe to the show on iTunes to get automatic updates, please follow me on twitter @mclaubscher and instagram, @cashflowninjapodcast.

Special thanks to  for joining me this week. Until next time!

Until next time!

Live a life of passion and purpose on YOUR terms,

M.C. Laubscher

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