How the POWER of Compound Interest can make YOU RICH?

<p>How the POWER of Compound Interest can make YOU RICH?</p> <p>Hey guys, Ben here &amp; Welcome to Motivation 2 invest.</p> <p>In this video i'm going to discuss ONE OF THE MOST POWERFUL CONCEPTS IN THE UNIVERSE.</p> <p>Compound Interest? Can this really make YOU a millionaire?</p> <p>Albert Einstein Called Compound Interest the Eighth Wonder of the world.</p> <p>He who understand's it, earns it and he who doesn't PAYS it!&nbsp;</p> <p><br></p> <p>The Legendary investor Warren Buffett stated my wealth has come from a Combination of Living in America, Some lucky genes&nbsp;</p> <p>&amp; Compound interest.</p> <p>----</p> <p>So WHAT IS COMPOUND INTEREST?</p> <p><br></p> <p>Well there are two type of interest you can receive the first is&nbsp;</p> <p><br></p> <p>Simple interest: This is fixed amount which you receive on your Initial Investment or principal. Let's say</p> <p>2%.</p> <p><br></p> <p>Compound Interest:&nbsp;</p> <p>Whereas Compound Interest is where you recieve interest not only Principal investment but also on the interest recieved&nbsp;</p> <p>thus the result is a compounding affect.&nbsp;</p> <p>Comparing the Formula's for both Simple Interest &amp; Compound Interest.&nbsp;</p> <p>We can see simple interest is the Principal x Interest x Term&nbsp;</p> <p>Whereas the compound interest formula is similar but to the Power of T (time) thus</p> <p>the longer you have invested for the more of that COMPOUNDING affect you will see.&nbsp;</p> <p>So stay with me here guys, LETS dive in Now to the compound interest calculator for a few different growth rates.&nbsp;</p> <p>--</p> <p>10% growth&nbsp;</p> <p><br></p> <p>15% growth rate</p> <p><br></p> <p>20% growth rate</p> <p>Personal Financial Goals:</p> <p><br></p> <p>So really this is all about your own Personal financial Goals &amp; Risk Tolerance. (1 &amp; 2 mime) &nbsp;</p> <p><br></p> <p>Chasing higher growth generally can equal more risk.</p> <p>TIP. Eliminate/Reduce Personal Risk&nbsp;</p> <p><br></p> <p>This can lower overall perceieved risk.</p> <p><b