The saying “time is money” is very applicable to the concept of compound interest.
What is it and how does this interest accumulate?
Ryan Poterack and Alec Quaid discuss the power of compound interest and the necessity of patience for effective wealth accumulation–also known as “how to get rich slow.”
They go over strategies for managing emotional responses to market volatility and underscore the importance of clear communication with clients. The episode also covers the challenges faced during the pandemic and the value of instilling financial discipline in children.
Ryan & Alec discuss:
- How compound interest works
- Navigating market fluctuations when compounding your money
- The value of time and patience throughout this process
- The benefits of behavioral coaching from a financial advisor
- And more
Related: Tax Planning Extends Beyond April: A Comprehensive Approach