Extra: Eighth Wonder of the World (miracle of compound interest)

All videos and book at http://financinglife.org . The miracle of compound interest is the key reason we need to start saving early and often. This concept is so amazing that many have called it the Eighth Wonder of the World. This video vividly demonstrates this by doubling a penny each day for a month.
This is part of ten short videos series that summarizes the common sense investment advice from John Bogle, which his followers endearingly call the Boglehead Investment Philosophy. It describes the best ways to invest money, and the best place to invest money. You'll learn how to choose mutual funds, why index funds are smart investments, and how to invest in bonds which should be a part of everyone's asset allocation. http://www.financinglife.org/miracle-transcript.html .

Category:

Education

Tags:

• common sense investing
• best ways to invest money
• how to invest in bonds
• smart investments
• best place to invest money
• how-to choose mutual funds
• Personal Finance
• Investing
• Investments
• John Bogle
• Jack Bogle
• Asset Allocation
• Diversification
• Stocks
• Bonds
• Funds
• Mutual Funds
• Index Funds
• Taxes
• Interest
• Compound Interest
• Saving
• Budget
• Expenses
• Tax deferred
• tax-deferred
• tax advantaged accounts