Welcome to 10 minute Bible Talks.

Where we connect the Bible to your life and the time it takes to get to work.

I'm Tanya Wilmoth.

Have you ever heard of compound interest? My finance friends think it's pretty cool and it's actually one of those things that once you see it,

you can't really unsee it. Now I'm not a

numbers person but it means that you put in money and that money makes money and that

money makes more money. So for the sake of those who of us are non-numbers people, I'm going to talk for one

second about the rule of 72, so you can understand how this works. So take 72 divided by your interest rate. So if you earn 7.2% interest, your money

doubles every 10 years. Your 10,000 becomes 20, that 20 becomes 40, that 40 becomes 80, that 80 becomes 160.

So if you invested 10,000 when you were 20, when you hit 60, that one investment is worth

$160,000.

Pretty cool, huh? Albert Einstein said compound interest is the most powerful force in the universe.

But the way I see it, compound interest doesn't change your life very much when you first earn investing.

Ten years later though you'll see a statement.

You'll be fairly impressed with what it can do.

Twenty years later you'll see a statement and

think that was a really good decision. 30 years later you'll either be

shocked at how much money you have or stoked about doing something with it and if you don't

then 40 years later from when you first started you'll either be really rich or dead.

But the point is getting great advice to start earning compound interest

isn't going to change your life very much today or next month or next year, it takes time.

Good council, plant seeds of wisdom, discernment, and bigger picture thinking in us.

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