The Secret To Wealth Is...TIME? | Compound Interest Explained
Tae Kim - Financial Tortoise 6:12
2,294 views · 147 likes Watch on YouTube ↗
This video will explain how compounding interest works and why it is the secret to building wealth. It may sound like a simple concept, but in reality compounding interest is one of the most powerful forces in the universe! It's just math, you say? Well yes...sort of. But what about when your money makes more money without any work on your part? This is where things get really interesting.
Timecodes
0:00 - Intro
0:36 - 99% of Warren Buffet’s $100.5 billion net worth came after his 56th Birthday
1:59 - Compounding Is Not Intuitive
3:51 - Double Edged Sword
4:46 - Resist The Urge To Beat The Market
------------
LINKS:
► Get My Weekly Newsletters: https://www.financialtortoise.com/newsletter
► Favorite Books: https://www.financialtortoise.com/bestbooks
DISCLAIMER: I am not a financial adviser. These videos are for educational and entertainment purposes only. I am merely sharing my personal opinion. Please seek professional help when needed.
Timecodes
0:00 - Intro
0:36 - 99% of Warren Buffet’s $100.5 billion net worth came after his 56th Birthday
1:59 - Compounding Is Not Intuitive
3:51 - Double Edged Sword
4:46 - Resist The Urge To Beat The Market
------------
LINKS:
► Get My Weekly Newsletters: https://www.financialtortoise.com/newsletter
► Favorite Books: https://www.financialtortoise.com/bestbooks
DISCLAIMER: I am not a financial adviser. These videos are for educational and entertainment purposes only. I am merely sharing my personal opinion. Please seek professional help when needed.
Category (YouTube): Education
Playback is via YouTube's official embedded player. Data from YouTube; Exumo is not affiliated with YouTube.