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The Power of Compounding
Manage episode 430073419 series 3331641
Compounding, the cause of and solution to all of life's problems. This week we talk about how the concept of compounding interest can either be you best friend or greatest enemy when it comes to your finances. What is the difference between good debt and bad debt, how compounding is different than your rate of return and why is the number 72 so important.
If you live in British Columbia, Alberta, Saskatchewan or Manitoba let us help you take care of the people you love and visit braunfinancial.com
DIY Investing at: https://get.modernadvisor.ca/braun-financial/
Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada
140 epizódok
Manage episode 430073419 series 3331641
Compounding, the cause of and solution to all of life's problems. This week we talk about how the concept of compounding interest can either be you best friend or greatest enemy when it comes to your finances. What is the difference between good debt and bad debt, how compounding is different than your rate of return and why is the number 72 so important.
If you live in British Columbia, Alberta, Saskatchewan or Manitoba let us help you take care of the people you love and visit braunfinancial.com
DIY Investing at: https://get.modernadvisor.ca/braun-financial/
Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada
140 epizódok
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