How To Get Rich With Compound Interest

Рет қаралды 26,349

Күн бұрын

Join My Private Community - WhiteBoard Finance University: www.wbfuniversity.com
Use code "COMPOUND20" for a 20% discount.
WBFU Includes:
🎥 4 Full-Length Courses (Stocks, Real Estate, Budgeting, Increasing Income)
🧠 Over 50+ exclusive videos, and new ones every week
📊 Full transparency into my portfolio (every buy and sell I make)
💬 Access to our private community and live chat with 100+ members
❓ Weekly Q&A Discussion and Livestream with Marko
🛠️ Exclusive Tools & Spreadsheets
👨‍🔬 Monthly Guest Expert Livestreams
WBFU is the most comprehensive investing community in the world. Join today.
What is compound interest?
Albert Einstein famously referred to compounding interest as the eighth wonder of the world.
We're all familiar with the concept of earning interest. I'm assuming most of you watching this video right now have had either a savings or checking account that earns some amount of interest.
Let’s say we have $1,000 in the bank, and the bank pays us a 4% annual percentage yield on our money.
These interest payments are usually paid out monthly, but for the sake of this quick example, we would earn $40 in interest over a 12-month period.
If we were to leave that $1,040 in our account and continue earning 4%, we would earn an additional $1.60 from that initial interest payment of $40 by doing nothing at all.
This is where the magic of compound interest starts. It is the process of growing our money exponentially.
That extra $1.60 may not sound like much, but over time and with big enough numbers, compounding can deliver incredible results.
🍿 WATCH NEXT:
• Stock Market for Begin...
• How To Manage Your Mon...
MY FAVORITE TOOLS & RESOURCES
📈 M1 Finance - Automate Your Investing - whiteboardfinance.com/go/m1-f...
📊 WeBull - Get Up To 12 FREE STOCKS - whiteboardfinance.com/go/webull
🏠 Get My Home Affordability Spreadsheet - whiteboardfinance.com/go/ytme...
🔒 Ledger - Store Your Bitcoin The Right Way - whiteboardfinance.com/go/ledger
💰 My FREE Stock Market For Beginners Course - whiteboardfinance.com/go/stoc...
MY OTHER SOCIALS:
🌍 My website - www.whiteboardfinance.com
🐦 X - / whiteboardfin
📸 Instagram - / whiteboardfinance
WHO AM I? 👇
If we haven’t met before - 👋 I’m Marko, and I’ve been investing since 2006, and I got my finance degree in 2010. My mission is to provide my viewers with actionable content that enables them to create financial wealth. My videos reflect my real-world experience as a real estate investor, stock market investor, student of finance, and entrepreneur.
DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.
⌚️Timestamps:
0:00 - Intro
0:27 - Compound Interest Example
2:03 - Compound Interest Formula
3:32 - Fun Experiment
5:50 - 3 Levers Of Compound Interest
8:00 - My Thoughts
10:07 - LOL

Пікірлер: 85

@WhiteBoardFinance 8 ай бұрын

@traviswingo 8 ай бұрын

“I have daughters” 😂 Markos humor is underrated.

@AnnaFed015 6 ай бұрын

Building steady income is quite difficult for newbies...

@Karenlisa1 6 ай бұрын

John Desmond Heppolette has been a significant step in my financial life journey, providing valuable knowledge actionable advice and motivational content. His supportive community has boosted my confidence,

@Windarti30 6 ай бұрын

I just discovered his exceptional resume when I searched his name online, I consider it a blessing that I discovered this comment area

@richhands5269 8 ай бұрын

My three favorite channels: Marko - WhiteBoard Finance, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥

@RayFreddie219 8 ай бұрын

Compound interest is truly amazing! I've been diving deep into personal finance lately, and it's mind-blowing how much of a difference it can make in building wealth over time.

@Muriel-1112 8 ай бұрын

@Fionakent123 Having a finance advisor like LUCY ROSE CARTER can provide a level of expertise and accountability that helps mitigate such risks. I have good things about her free sessions with different people.

@hillarybriggs2561 8 ай бұрын

@david18734me too, on GOOGLE

@hillarybriggs2561 8 ай бұрын

To get her contact

@hillarybriggs2561 8 ай бұрын

After reading this conversation, I'm convinced that having a professional finance advisor like Lucy Rose Carter is indeed necessary.

@JasonKlineOfficial 8 ай бұрын

I'm just here for the Dad jokes.

@techsir8866 8 ай бұрын

Thank you Marko for continuing to provide good content that is clean and strait forward. I have un-subbed from many other channels after a lot of horse crap. You are probably one of the best. Keep it up and have a great day.

@WhiteBoardFinance 8 ай бұрын

Thank you! That means a lot

@Answers721 8 ай бұрын

Selling options, I am making about 1% gains a week with Robinhood. So, effectively, I am compounding my money at a much faster rate than a bank will pay interest on deposits. Great video Marko.

@WhiteBoardFinance 8 ай бұрын

Good stuff!

@barrettstreeter1850 8 ай бұрын

I’ve actually never understood compound interest somehow, so thank you!

@WhiteBoardFinance 8 ай бұрын

Happy to help!

@noypitelekom9075 8 ай бұрын

yay Marko the POGI.... by end of this year you will have a million subs... YAY

@jacquelinecorrig4594 8 ай бұрын

Great video, one that folks really need to watch. I have really experienced the power of compounding, I' m 50, retired a while at 45. 1 have 35% of my capital invstments in an IRA. 25% in index funds, and the balance spread across other investment accts. in cumulative of over $ 5M. I receive income from my rental properties too. Zero debt and all is going accordingly. My financial consultant has been patient and has done a wonderful job for me throughout the years.

@bernardsegouin6773 8 ай бұрын

Honestly this cannot be overemphasized, helping people mitigate unforseen circumstances and mistakes .It's always good to have a financial plan,

@ThistainByrthle 8 ай бұрын

No doubt being financially free and not having to worry much about health care and other expenses cannot be overemphasized, making smart plans and setting up diversified investment portfolios is quite essential.

@gabrielbruhnr 8 ай бұрын

Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.

@jacquelinecorrig4594 8 ай бұрын

in my case Chris Ryan Stewart has assisted me in doing that effectively, I'm not an expert so I lack experience in investment strategies, I work and my consultant handles the rest.

@jacquelinecorrig4594 8 ай бұрын

CHRIS RYAN STEWART is the CFP responsible for my portfolio success, the man has a private client base you can confirm him yourself on the internet, regulation an all.

@moneycessity 8 ай бұрын

Classic magic penny example! I love it.

@Maxifreegor99 8 ай бұрын

Marco. I have a pension and an annuity through work. I was wondering if you could do a video explaining one or both. Love the videos! Keep up the good work!

@lucyrocha8403 8 ай бұрын

This helped me understand YTM more than how my professor explained it. How about a video on asset valuation or capital budgeting? 😅 Like always here for the financial education, staying for the sense of humor 😂

@visualcontrast 8 ай бұрын

@1:12 "This is where it gets interesting" LOL! Interest-ing.

@watchin-stoof988 8 ай бұрын

Many will be wondering how it ever existed over the next few years of zero gains or loses

@user-ml9up2xf2b 6 ай бұрын

The " I have daughters" killed me LOL😂

@soniagrg1617 8 ай бұрын

I hit like on lightning speed. Love compound interest 😊

@karansharma6813 8 ай бұрын

KZbin recommended me your video and I am soo soo thankful, Really great stuff man. btw, I was wondering do you need a editor for editing your videos man?

@p_Splint 8 ай бұрын

Hey Marko always enjoy your content. In the example you showed us, is it compounding annually? Would monthly/daily compound give better returns? Thanks

@oOBlahBlahOo12345 8 ай бұрын

With the way the stock market is and has been recently do you think it would in this case or in any case make sense to pull money from a brokerage account to put into a CD with the high rates that are being offered (and assuming the money wouldn’t be needed before the term is up) or do you think it’s always best to leave the $ in the stock market no matter what?

@BowZeee 8 ай бұрын

“I have daughters” cut. Lmaooo

@DDEHoodStarz 8 ай бұрын

Top 5 finance KZbinrs❤❤❤❤❤ Whiteboard Finance, Humphrey Yang, Caleb Hammer, Money Guy Show, Shaheeda Hill

@moneycessity 8 ай бұрын

Understanding the benefit of compounding interest really helps to drive home how much inflation can hurt you. Compounding interest works for and against you...

@longbowrider 8 ай бұрын

Hello Steve, I enjoy your channel! I was wondering why lawyers seem to always get a third of the settlement plus expenses? I understand the expenses but think a third seems high. I am not familiar with other professions that get that much…can you enlighten me? Your the best!

@foodmens 8 ай бұрын

That intro lmaooo Marko you wild for that dawg XD

@sabast20i 8 ай бұрын

The T. Bro vest has returned... nice. 😎

@scammacs 8 ай бұрын

"This is where it kinda gets INTEREST-ing" 🤓

@victorbaird8220 8 ай бұрын

😊😂

@jucedcustoms2274 8 ай бұрын

Love the joke at the end!

@cassnate6259 7 ай бұрын

I feel like I'm being more conservative in terms of putting more than usual in HYSA as opposed to index funds. But given it's a guaranteed return at close to 5%, it's hard to pass up. The sad truth, as Marko pointed out, is that may only be trying to keep up with inflation at this point in time.

@velcrow101 8 ай бұрын

Patagonia vest ✅️ You're a true finance bro!

@WhiteBoardFinance 8 ай бұрын

You already know!

@petar5688 8 ай бұрын

Dobar dan, da li mozete da kazete cime se tacno bavite i sta ste zavrsili?

@markamark123 8 ай бұрын

thank you white boy finance

@SavingsMinusDebt 4 ай бұрын

Compound interest is positive and negative. He who understands compound interest, earns positive compound interest ... he who doesn't ... pays negative compound interest. -SMD

@CrownThePrince 16 күн бұрын

I’m taking the penny

@zmack1830 8 ай бұрын

Marako.......A Mythic Legend !!

@UnitedStatesAtTheTop 8 ай бұрын

So what do we need to do to beat inflation? Would be the better video to make

@chely452 8 ай бұрын

I would recommend watching his other videos. He almost always provides solid advice on how to move your money as a hedge against inflation. Some are hour long videos for the in depth material. But it’s always worth it when you leave with more knowledge!

@CaptainBenjamins 8 ай бұрын

I’ll take the $10k/day because if I chose the latter, by day 29 the lender would end getting me killed before paying me a million

@ejj797 7 ай бұрын

I understood all of this until 2:18 lol

@alexfonseca2063 8 ай бұрын

The stock market closed at a record high on January 3, 2022. Ever since it is down quite a bit. Inflation is surging and stocks are down. It feels like it will never go to all time high again.

@FosterFarmsOk 8 ай бұрын

when the Feds drop rates again the market will go way up.

@user-ko2fq2hg8b 8 ай бұрын

stock market always go back up, just gotta be patient.

@inNYCC 8 ай бұрын

So that's where u keep your cash, the drywall😮

@funtechu 8 ай бұрын

If my friend says they have a magic tree that pays 7% ... I might start looking for a new friend.

@manydreams1life315 8 ай бұрын

What happens if the world continues to move away from the dollar as the global trade currency? Do we lose our investments because the stock market will collapse?