68. “I just learned he took out a secret $100,000 loan—two years ago”
Money For Couples with Ramit Sethi
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The Power of Compounding
By age 50, you have $1.3 million in your savings account. By age 60, you have 3.1 million and by 70, you've got $6 million. Each year at that point, you're making over half a million dollars in interest alone. This just shows you the power of compounding. After our conversation, I received a follow up letter from Emily who said she had never considered her parents divorce as something that would inform how she subconsciously feel about money.
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