theoretically you can compound for an infinite number of years.what about your own longevity.Are you gonna live forever?
Also, what about the effects of inflation? I am pretty sure $2 million 30 years from now wont be the same at $2 million right now
Think about this:
an amount of 5 cents invested at 2% interest compounded annually at the time of Christ grow to an amount of money that not a single person living today has access to.
BTW - the principal is somewhere around$11000. Most people on avarage wages would have to save a long time to get that, so add another five years. And where are you going to get 10% interest? I have been in the workforce for nearly 30 years and over that time it has been extremely rare to get investment interest approaching 10%.
I do get better than 10% from share dividends, but that is at great risk to the capital.
Hey homie, thats a long time to wait for your money to grow. Compound interest is powerful, however you need to take into consideration INFLATION. dude 500,000 30 years from now won't be worth much. And besides who wants to be old and gray with a bunch of money? Dude, you are close to the grave. That sucks. There has gotta be a faster way to acquire wealth. Nice video tho.
It's about time someone did this. The youth of the world needs to understand this and use it - but sadly, so few do. Most people retire with little money. It's scary.
this video is idiotic
theoretically you can compound for an infinite number of years.what about your own longevity.Are you gonna live forever?
Also, what about the effects of inflation? I am pretty sure $2 million 30 years from now wont be the same at $2 million right now
Think about this:
an amount of 5 cents invested at 2% interest compounded annually at the time of Christ grow to an amount of money that not a single person living today has access to.
How many 2011 year olds do you know?
onandonandon1234 11 months ago
fuck that i want it all now. i live and sacrifice for today tommorow will see it self
alkingkg 2 years ago
I can`t wait 30 or 35 years. I want to live now. I want to make money now.
sabbathsabbathsabbat 2 years ago
BTW - the principal is somewhere around$11000. Most people on avarage wages would have to save a long time to get that, so add another five years. And where are you going to get 10% interest? I have been in the workforce for nearly 30 years and over that time it has been extremely rare to get investment interest approaching 10%.
I do get better than 10% from share dividends, but that is at great risk to the capital.
This video is too basic and unrealistic.
RCbeastly 2 years ago
These numbers don't gel.
Repost it with the actual value of the principal and the correct percentage (it's NOT 10% - there are fractions involved).
RCbeastly 2 years ago
Very clever
...to make that kind of claim based on an investment amount which is UNDETERMINED.
GodsFavoriteBassPlyr 3 years ago
Hey homie, thats a long time to wait for your money to grow. Compound interest is powerful, however you need to take into consideration INFLATION. dude 500,000 30 years from now won't be worth much. And besides who wants to be old and gray with a bunch of money? Dude, you are close to the grave. That sucks. There has gotta be a faster way to acquire wealth. Nice video tho.
Jerrond 3 years ago
but i might be dead in 40 years :\
KrazyKali69 3 years ago
How much was the original investment? Love the sound in your movie.
Diane
redagel 4 years ago
Cool!
definitely must learn to manage and grow money wisely.thanks!
wisdomofgettingwealthy dot com
mjoy777 4 years ago
Nothing to fear but fear its self! Only think of what you want! Great video series! Thanks!
mitchyow 5 years ago
It's about time someone did this. The youth of the world needs to understand this and use it - but sadly, so few do. Most people retire with little money. It's scary.
wildcat717 5 years ago