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Optimal Finance Daily - Financial Independence and Money Advice

1405: Why You Must Start Investing Now by Barbara Friedberg with Good Financial Cents on Compound Interest

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.41.3K Ratings

🗓️ 13 January 2021

⏱️ 9 minutes

🧾️ Download transcript

Summary

Barbara Friedberg with Good Financial Cents tells you why you must start investing right away. Episode 1405: Why You Must Start Investing Now by Barbara Friedberg with Good Financial Cents on Compound Interest Jeff Rose, CFP® is a Certified Financial Planner™, founder of Good Financial Cents, and author of the personal finance book Soldier of Finance. Jeff is an Iraqi combat veteran and served 9 years in the Army National Guard. His work is regularly featured in Forbes, Business Insider, Inc.com and Entrepreneur. The original post is located here: https://www.goodfinancialcents.com/why-you-must-start-investing-now/  Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is optimal finance daily episode 1405.

0:04.0

Why you must start investing now

0:07.2

by Barbara Friedberg with Good Financial Sense.com

0:11.1

and I'm your host and personal finance enthusiast Diana Merriam.

0:15.0

This is the show where I read to you from some of the best personal finance blogs on the planet,

0:20.0

sometimes a little too enthusiastically.

0:22.0

But I can't help it. Money is an incredible thing. sometimes a little too enthusiastically.

0:22.8

But I can't help it.

0:24.0

Money is an incredible resource

0:26.0

that we can use to craft the life of our dreams.

0:29.1

So thanks for joining me today and every day.

0:32.3

But for now, let's get right to it and continue optimizing your life.

0:37.0

Why you must start investing now by Barbara Friedberg with Good Financial Sense.com

0:47.0

Never Before told Personal Investing Story

0:52.0

When my husband and I were first married, we were on an extremely tight budget. We relocated from Ohio for him to go to a very expensive graduate school and I had no job. Eventually I got a job as a

1:05.0

career counselor and student affairs administrator at San Diego State

1:08.9

University. His tuition was about a third of my gross salary.

1:13.4

Fortunately, we had some savings to help with expenses.

1:16.7

This story explains how we managed to invest on a small salary

1:20.8

and ultimately grew our initial investment over six times.

1:25.6

The Investing Crucible.

1:28.1

My first introduction to the 403B was through my employer.

...

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