Podcast: Play in new window | Download
Subscribe: Apple Podcasts | Android | RSS
In this episode, we ask:
- What is interest anyway?
- What is the difference between compound interest and simple interest?
- How does compounding frequency affect an account?
- When is compound growth a problem?
- What did Albert Einstein say about compound interest?
- How does compound interest take affect?
- Where do most people look for compound growth?
- What’s wrong with compound growth and risk?
- How does a one year of loss affect compound growth?
- How does a second year of loss affect compound growth?
- What do most 30 to 40 year olds say about managing growth?
- When do you want your market losses to happen?
- What real assets do banks own?
- What is fractional reserve banking?
- What are the capital requirements for banks?
- Why are bank loans considered assets on their ledger?
- Why are our checking accounts considered liabilities?
- What is the power of compound interest?
- If you had a choice between acquiring a penny doubling every day for 30 days or a check for 1 million dollars, which one would you like to take with you?
- What is the power of simple interest?
- Why do you want to be charged simple interest?
- How do lenders apply your payments on a compound interest loan to the principal?
- How do lenders apply your payments on a compound interest loan to the interest?
- How do lenders apply your payments on a simple interest loan to the principal?
- How do lenders apply your payments on a simple interest loan to the interest?
- What about student loans?
- What about mortgages?
- Who is first in line for your money?
- What sort of interest would you like to earn?
- What sort of interest would you like to pay?
- How does interest work with Bank On Yourself policy loans?
- What type of interest do Bank on Yourself policies earn?
- What type of interest do you pay on a Bank on Yourself policy loan?
- What about buying a car?
- What box would you like to check?
