Many of us understand that investing in an appreciating asset results in compound growth of our initial investment. But how does this really work? How can a small sum of money grow to something that can provide financial freedom with little to no effort beyond securing the initial investment? And most importantly, what are the different outcomes when debating whether to invest now or later in life?
Continue reading “EP 28: Compound Growth: Can I Catch Up Later?”2021: A Year of Accelerated Change (and Top Posts)
I’ve thought a lot this year about the pace of change. We know from the study of ancient civilizations that multiple generations could pass with only the most modest and trivial changes in tools and methods for survival. You might have a lived a life shockingly similar to your great-great-grandfather, swinging a very similar hammer.
Yet as 2021 comes to a close, I can attest that my grandfather looks upon the world with dumbfounded astonishment, unable to clear his full voicemail inbox on his now ancient flip phone that, only a little over a decade ago, felt like the dawn of a new era.
Continue reading “2021: A Year of Accelerated Change (and Top Posts)”