The most important thing that we could teach our children is the importance of getting on the right side of compound interest.
As an example, let’s look at how investing the equivalent of a coffee a day at your favourite coffee shop into a program that compounds interest weekly.
Let’s assume you are spending $30 a week on coffee. That is $1,560 a year or $7,800 over five years.
Perhaps you are not ready to give up your daily mocha, so let’s say you matched your coffee budget by investing $30 a week.
I am investing in an automated trading platform that returns at least 3% per week, with compounding.
Here is what adding $30 a week can do for you over five years, according to The Calculator Site.
You can buy a nice house or three with that!
That is why teaching your children about investing and starting an education investment fund early pays off, even with modest compound interest rates.
And how you can start building financial freedom for your family today.
I do a weekly summary of my investment returns.
I would be glad to demonstrate what I am doing on a call with you
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Our mission is to create financial freedom for individuals and families through weekly investing and the power of compound interest. Let’s Have Fun!
Greg Dixon
Chief Investor and Trader