Click below to listen to Episode 221 – The Power of Compounding Interest

The Power of Compounding Interest

Your Impatience May Be Costing You Hundreds of Thousands of Dollars

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Learn about one of the most powerful mathematical formulas that has been around for hundreds of years when it comes to investing – The Rule of 72. Bob and Matthew break down compounding interest and how it works through the unique mathematical formula of the Rule of 72. The Rule of 72 truly shows the power of compound interest and how it can dramatically impact long-term wealth building.

Investing must have a long-term perspective by avoiding distractions. By just being patient and not removing money periodically from your investments, the Rule of 72 demonstrates how money can double in value over time at a given rate of return. How else can you enhance your investment portfolio? By starting young and investing early, as discipline is crucial.

HOSTED BY: Bob Barber, CWS^®, CKA^®

CO-HOST: Matthew Barrovecchio

Mentioned In This Episode

Christian Financial Advisors

Bob Barber, CWS^®, CKA^®

Shawn Peters