Marc’s Most Important Lesson: What Is Compounding?
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Basic financial skills are not taught in schools.
And it’s a problem.
Reading, writing and arithmetic are important, no doubt. But if schools really want to prepare kids to go out into the world and succeed, then they need to provide them with some understanding of how money works.
The trick (or one of them, at least) is to start early and let the power of compounding work its magic. But compounding can work both in your favor and against it.
Today, Chief Income Strategist Marc Lichtenfeld will tell you about how to make compounding work for you.
In today’s video, he says, “If you take away just one thing from any of my videos, let it be THIS.”
This article was originally published by Wealthyretirement.com. Read the original article here.
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