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How to make it, spend it, and invest it

23 Aug 2019

Mastering Money 8/23/19

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Post by MoneyRadio Staff

Research reveals that most people think in terms of simple interest, or average annual return, rather than geometric compounded returns. Participants in studies showed a bias toward ignoring the effects of compounding over time. The reality is that the richest people in the world got rich, and continue to GET rich, not overnight but over TIME– through compounding steady gains. Each year, moderate gains are piled upon moderate gains. Wealthy investors growth wealth prudently. They don’t chase after it. They understand how to manage risk. Today we’ll review a Wall Street Journal report on the published findings of why so many people never get rich along with guidance on how to get your money on track!  You don’t want to miss today’s show, MASTERING MONEY is on the air!!!