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Episode 7 - Myth 5 - The Miracle of Compounding Interest
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Compound interest is something that has really become a topic at the forefront of financial planning. You get a lot of money over a long period of time since it compounds in an exponential manner. It’s often depicted as an exponential curve which really gets you value after a long time. However, you have to realize that compound interest computations take into account a lot of hypothetical scenarios.
Learn more about compound interest in this podcast:
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