Compounding Interest

Considerations for Discussion

• Did you pick the $1 million now or the penny doubled for 30 days before you read the article?
• Can you summarize the concept of compounding interest in one sentence?
• Look at the chart again on the next slide. What day did the "magic" of compounding become clear?

Untitled Slide

Considerations for Discussion

• How likely are you to follow this plan for financial wealth?
• This plan seems so simple, yet most people don't follow it. What are the roadblocks to following this plan? Why don't more people save when they are young?