In my book “Cash Flow Now,” I highlight the importance of compound interest and the difference in long term gains between 6, 8 and 10% compounding interest.
In the case of Certificate of Deposits, they do not even keep up with our inflation rate but their are Billions invested into them. Users feel they are safe and they can preserve their capital rather then hoping the stock market does not drop like a roller coaster at Busch Gardens!
Enjoy this video on this topic!
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