Mastering Money 10/23/19


Manage episode 244958818 series 1129321
By IQ Wealth Management and Steve Jurich. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
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!!!

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