The Immediate Benefits of Saving and Investing

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 3151:

Stephen Popick unpacks the often-misunderstood concept of the time value of money, showing why recurring expenses like cable TV aren’t as costly in today’s dollars as they appear over decades. By factoring in inflation, investment returns, and personal opportunity costs, he makes a compelling case for thoughtful financial planning that balances present needs with future goals.

Read along with the original article(s) here: https://www.getrichslowly.org/the-time-value-of-money-or-why-25-years-of-cable-tv-doesnt-cost-as-much-as-you-think/

Quotes to ponder:

"The time value of money is a complex term for a simple concept: Any given amount of money is worth more today than the same amount in the future."

"Your personal time value of money is very tough to measure on a personal level."

"Would I rather have $30,000 today or cable television for the next 25 years? There’s no one right answer."

Episode references:

Good Debt, Bad Debt: https://www.amazon.com/Good-Debt-Bad-Invest-Smarter/dp/1591840260

The Automatic Millionaire: https://www.amazon.com/Automatic-Millionaire-Powerful-Immediately/dp/0767923820

Learn more about your ad choices. Visit megaphone.fm/adchoices