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.