Confounding Compounding

Jan 4

If something compounds, a small start can lead to incredible results that seem impossible. This can lead to many people underestimating what is possible and where growth can lead regardless of where or when they begin. The truth is time is the most powerful force in investing and so, if you want to be better at investing, your best option is to increase your time horizon. In this episode, we dive deep into chapter 4 of The Psychology of Money by Morgan Housel and explain how this relates to your retirement savings - the possibilities for your savings are endless!

Listen in as we share the number one mistake people make when investing and why emotions should never play a part in your investing. You will learn the importance of patience when it comes to finances, what the key to success is according to Warren Buffett, and the benefit of trusting the process.

What You’ll Learn:

What confounding compounding means.
How something can grow very big from something very small.
Why time is the most powerful tool when it comes to investing.
Why compounding really matters.
The number one mistake people make when it comes to investing.
The importance of being patient as an investor.

Ideas Worth Sharing:

“When it comes to investing, time is your greatest asset.” - Fiat Wealth Management
“Compounding really matters and its best friend is time.” - Fiat Wealth Managemen
“Take your emotions out of your finances as much as you can.” - Fiat Wealth Management