Episode notes
Paul Ng shares a savings strategy he developed that, with compound interest, has the potential to create substantial wealth for you and your children. Paul ha made two variations of this plan, for different income levels. We discuss the benefits of consistent saving over time, the power of compound interest, and how savings creates a safety net for you and your family.
The savings plans linked below only show the principal that is paid into the account. In this episode we give rough estimates for what the compounded interest + principal could be, but the sheet shows principal only.
Savings Plan (Higher Income Version):
Keywords
businessfinancemoneyentrepreneurshipinterviewsaving