Compound interest
May 8, 2018
I’m Miriam Neff-with STARTING OVER FINANCIALLY, and I’m Valerie Neff Hogan, and we’re here to talk about money
M Most of us work for money. Idea! Let your money work for you! Investing for interest might be slow growth, but its growth. Investing for dividends and value growth is better.
V Albert Einstein called compound interest the 8th wonder of the world. If you understand it, you earn it, if you don’t understand it, you pay it. As the saying goes, ‘you either pay the man or you are the man.’ Its wise to start early setting that example for your children. Talk about it and show them charts. That picture might be better remembered than words.
M Yes, you can start accounts for them so they learn by participating.