Oct 23, 2019
Research reveals that most people think in terms of simple
interest, or average annual return, rather than geometric
compounded returns. Participants in studies showed a bias toward
ignoring the effects of compounding over time. The reality is that
the richest people in the world got rich, and continue to GET rich,
not overnight but over TIME-- through compounding steady gains.
Each year, moderate gains are piled upon moderate gains. Wealthy
investors growth wealth prudently. They don't chase after it. They
understand how to manage risk. Today we'll review a Wall Street
Journal report on the published findings of why so many people
never get rich along with guidance on how to get your money on
track! You don't want to miss today's show, MASTERING MONEY
is on the air!!!