Money Guy Show Wealth Multiplier Revealed: The Magic of Compound Interest!
6 snips
Sep 13, 2023 Discover the magic of compound interest and its ability to build wealth over time. Learn about the dilemma of paying off a car loan vs saving for a down payment on a house. Find out the best accounts and investments for wealth building in your 20s. Understand the importance of savings rate over rate of return. Explore strategies for utilizing Roth IRA and 401k for a home purchase.
Chapters
Transcript
Episode notes
1 2 3 4 5 6
Introduction
00:00 • 2min
The Power of Compound Interest
02:02 • 7min
Paying Off Car Loan vs Saving for a Down Payment
08:55 • 9min
Choosing Accounts and Investments for Building Wealth in Your 20s
18:04 • 2min
The Importance of Savings Rate
20:20 • 12min
Utilizing Roth IRA and 401k for Home Purchase
32:22 • 4min