7 Simple Calculations that Show the Awesome Power of Compound Interest

Compound interest has been called the 8th wonder of the world. Understanding how it works and harnessing its power is key to building wealth. In this video will walk through 7 simple calculations that show the true power of compounding. I'll also show how to get a simple, free compound interest calculator.

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Video Resources & Timestamps
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[0:33] What is compound interest
[2:36] Compound interest calculator
[4:40] Compound interest calculators
[16:40] Get access to the free compound interest calculator

Compound Interest Calculator (Google Sheet): https://docs.google.com/spreadsheets/d/10JzpLifUuG3c8cZeFiM2xzSe6UmoY45Nh8jRVSZ0Mzc/copy

Investor.gov Compound Interest Calculator: https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator

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ABOUT ME

While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. Today I'm the Deputy Editor of Forbes Advisor, managing a growing team of editors and writers that produce content to help readers make the most of their money.

I'm also the author of Retire Before Mom and Dad--The Simple Numbers Behind a Lifetime of Financial Freedom (https://amzn.to/3by10EE)

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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.

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