Buck Sexton
π€ SpeakerAppearances Over Time
Podcast Appearances
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Okay, this is so important.
I think compound interest, basic financial literacy, and this is Clay, appreciate you coming on the program, is something that kids really desperately need to understand.
And by the way, I think also a lot of adults, when you talk about compound interest,
So let's say that someone has an account starting at birth and they basically are just let's say it's S&P 500 index funds on average.
What is the compound value of that look like?
And over time, what kind of dollars are we discussing for people out there who don't really comprehend this?
The easiest way to understand this that I always try to explain to my kids and everybody out there, I would encourage to do your research on this.
Basically, if you just buy S&P 500 index funds historically and leave them in there, every 10 years your money doubles.