The thing about compounding interest is that is not as sexy as get rich quick schemes and people aren't educated enough financially to have the patience to reap the rewards of compounding interest
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The thing about compounding interest is that is not as sexy as get rich quick schemes and people aren't educated enough financially to have the patience to reap the rewards of compounding interest
Posted Using LeoFinance Beta
Absolutely correct. The biggest factor in compound interest is time. The longer the time period, the better the results of compounding. This is in direct conflict to the get rich quick mindset you mentioned.
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