Banks Collapsing?! What’s Next? – Plus ENCORE episode with Financial Advisor Michael Kitces
Afford Anything
00:00
The Market for Financial Capital
When you look at your earnings power as this giant pile of money for all the cumulab years that you're going to earn, there's a couple of interesting things that happen. The first is you realize it's really darn big. And even making $30,000 or $40,000 a year for the next 30 years is actually like a million dollar pile of money. So we tend to spend a lot of time saying if I can save a couple percent of my income and I can grow that $5,000, if it grows at 8%, I increase my net worth by $400 over 30 years. Returns compounding for a long time really add up.
Transcript
Play full episode
