S1E13: The basics checklist - are you on track to build wealth?
Making Money
00:00
How to Grow Wealth With Compounding
Andrew Craig is the author of How to Own the World. He teaches us about growing wealth with compounding. If you put £5,000 into an account from day a child is born it will return 10% per annum when they're 55 years old. With no further investment he'll have 945 grand on their 55th birthday. But don't forget that he was discussing pre-inflation returns. Another thing to consider is fees. They're going to affect the end result massively.
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