Tag: compound interest
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Compound interest for idiots; don’t short-change yourself
You have probably heard someone mention compound interest at one point or another, at least I hope. Either way, we’ll do our best to catch you up on the topic and even provide you with an awesome tool to help out!
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The investors mindset; what does this Wealthy Idiot think about?
Watercooler or coffee pot talk is always rampant at every workplace. You’ll hear various soundbites about literally everything, from who the greatest quarterback of all time is (Tom Brady), to who the best actor is (Denzel Washington). No matter what the topic, everyone will have a different opinion and that’s both good and bad. The good part – you’ll be introduced to tons of different ideas. The bad part – you’ll probably get some TERRIBLE financial advice that is very jaded because no one will share their ACTUAL situation, but rather a hypothetical that is ripe for failure. Heck, someone might even refer you to their “money guy/gal”. Below, I’ll discuss some Wealthy Idiot ideas you can bring to that watercooler/coffee pot to impress your co-workers!
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This one factor makes compound interest crazy powerful | See how much $1,000 can become!
It’s important to invest your money into something that will beat inflation and ultimately make you wealthy! In this episode, AJ covers a variety of investment options, explains inflation and demonstrates the power of COMPOUND INTEREST over time. He uses the https://wealthyidiots.com website to show COMPOUND INTEREST over time. Check it out and see for yourself.
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Find out the mind set needed to start your retirement journey!!
AJ goes over simple math that we all should learned to be financially literal. These ideas are the beginning of understanding saving money and working to have a wealthy future. AJ used to think that you had to save way too much money to have a simple retirement. After some simple concepts, he breaks it down to demonstrate that retirement is not only achievable but fairly simple.