Date: 2019-09-04 16:45:01
You’ll love this story of Oseola McCarty and how she used compound interest investment to get rich on a housekeeper’s income. Proof that anyone can get rich using the power of compound interest!
Einstein called the compound interest formula the greatest mathematical discovery of all-time and he wasn’t joking. I’m showing you how to earn compound interest and use the power of time to make you a millionaire.
I’ll start by explaining what is compound interest and how to use it to your advantage. I’ll show you some compound interest tricks anyone can use, on any income. I’ll then reveal three compound interest investments that will earn you more than a simple savings account.
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The compound interest formula freaks out a lot of people but it’s really basic math. Basically it’s just your money, an interest rate and the time that you let it grow. Explaining it this way and anyone can understand compound interest to see how to use it to get rich…all you need is time.
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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.