2min chapter

People I (Mostly) Admire cover image

40. Harold Pollack on Why Managing Your Money Is as Easy as Taking Out the Garbage

People I (Mostly) Admire

CHAPTER

I'd Make You Feel Safe and Warm in Love for One Point Five %

The world wide wealth management industry generates over a trillion dollars in fees. At 11 point five % per year, you're going to turn your hundred thousand dollars into seven point 7, eight million dollars. If i don't hire the adviser, then i would end up incredibly because of the power of compounding. I think we just don't think well about compounding. And in a world in which te adviser is not getting you big returns, it's just incredibly costly.

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