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The Prosperity Podcast

505 EpisodesProduced by Kim D. H. Butler and Spencer ShawWebsite

Take control of your money. Join Kim D. H. Butler, best-selling financial author, and Spencer Shaw, as they use their prosperity mindset to utilize wealth-building tactics. Learn about the 7 Principles of Prosperity and how to make your money work as hard as you do.The Prosperity Podcast is the pers… read more

15:29

Lies You’ve Heard About Compound Interest - Episode 131

Summary:

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!

If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!

 

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Show Notes:

00:00 Intro

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

15:06 Outro

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