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September 5, 2011

#947: Investing


Person 1: Sure, 2% interest may not seem like a lot. But it’s compound!

[[Person 2 opens a computer and begins calculating]]

Person 1: If you invest $1,000 now, in just ten short years you’ll have.. ..let’s see..

Person 1: ..$1,279.

Person 1: Ok, so compound interest isn’t some magical force.

Person 2: Yeah, I’m just gonna try to make more money.