Article: Warning: The Biggest Lie About Compound Interest
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Warning: The Biggest Lie About Compound Interest
Have you wondered why financial experts only tell you certain things about building wealth? Do you think its in their best interest to tell you the absolute truth?
LIE: The Magic of Compound Interest : Save $X per month and you can retire RICH.
FACT: Compound Interest works only for the very few. The very few who began investing in their 20's and NEVER, EVER, EVER STOPPED. They didn't stop when they bought a car, house. Got married, had kids. Paid lots of bills, mortgage payments, loan payments, credit card payments. For the rest of us life expenses cost money, and so your savings account that you had been contributing monthly to gets sucked dry.
You've also seen the magical compound interest investment chart:
Invest $X/mth and af...
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