What’s so great about compound interest? Our hosts Kim Butler and Todd Strobel think not as much as you think. For today’s podcast, we sit down to discuss more financial planning industry lies – this time lies about compound interest. They talk about the importance of opportunity cost, how compounding is making problems worse, and how to be smart with your taxes and investments. Tune in to find out how to take control of your finances today!
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Links in this Episode:
00:54 Lies that the Financial Planning Industry Promotes
01:07 What’s So Great About Compound Interest?
02:53 The Importance of Opportunity Cost
05:51 Compounding is Making the Problem Worse
09:56 Being Smart With Taxes & Investments
13:00 Different Types of Investment & Savings Vehicles