Give Compounding More Runway

OCT 8, 20267 MIN

Description

Work with Paul: Schedule a 30-minute conversation What if the goal that feels impossibly far away is not asking for a better return, but for something you are quietly spending every year you wait? In this episode, I get into why the years your money compounds do more of the work than the rate you earn on it, and why a low, almost boring rate stretched over enough time gets you somewhere that looks like a leap from the starting line. I explore how doubling income shows how we can underestimate compounding. And I walk through what happens to a goal when you shorten its runway by even a few years. At the end, I give you a ninety-second exercise built on the rule of 72 that turns the cost of waiting into an actual number you can look at, instead of a vague sense that you really should get around to it one of these days. Connect with Paul If you're a working parent juggling a senior-level career and a growing family, and you're tired of coordinating four different advisors to run your financial life, I offer complimentary 30-minute conversations. Schedule one here. For resources discussed in this episode, visit tammacapital.com/podcast. Follow Paul on LinkedIn. Resources Featured in This Episode: Your Holding Period Matters Most Why Behavior Beats Spreadsheets Time: The Ultimate Roadblock to Financial Planning and How to Overcome It