Yes, many people don't realize the power of compounding interest. That is why in my last post I discussed how everyone should track their net worth atleast semi-annual to actually see the progress.
Yes, many people don't realize the power of compounding interest. That is why in my last post I discussed how everyone should track their net worth atleast semi-annual to actually see the progress.
Great point you can end up making a lot over the course of years when you start saving today.
We have negative interest rates and that will continue to prop up the financial system. Compound interest is a myth at this point. Sure, in nominal terms it may appear you are getting ahead but that's based on an underestimation of real inflation rates.